The annual Consumer Price Index (CPI)—an academic term used to measure inflation—reached 3.02% in January in metropolitan Lima, according to the National Institute of Statistics and Informatics (INEI). This rate, despite measuring only the capital’s situation, is the barometer to measure the performance of prices in the Peruvian economy. Thus, it reached its lowest value […]
Tag: food price
Chicken, meat, salt, sugar, milk and yellow chili among the foods that rose the most in 2023
The National Institute of Statistics and Informatics reported that the Food and Non-Alcoholic Beverages item contributed to inflation of 3.24% in 2023 with a progress of 3.74%. This increase was supported by the higher prices observed in meat (7.9%) such as ground beef (12.3%), chicken giblets (12.1%), beef stew meat (11.4% ), gutted chicken (10.3%), […]
Julio Velarde: “We are on the way to defeating inflation”
Inflation is on track to reach the target range – set between 1% and 3% – for the first half of 2024, according to the Central Reserve Bank (BCRP). In this way, the entity reported an adjustment in the projection of this indicator, going from 3.8% to 3.1% by the end of 2023, due to […]
Inflation will normalize after two years of rise
The year-on-year inflation in Metropolitan Lima It closed November at 3.64%, reaching its most moderate variation in 29 months – since June 2021 – according to the National Institute of Statistics and Informatics (INEI). Only in November the Consumer Price Index (CPI) – by its technical name – fell 0.16% while in the accumulated since […]
Inflation in October hits 27-month lows
Inflation not only decreases because the prices of some products are corrected, but because the prices of others do not progress due to slow market dynamics. Thus, in October, the Consumer Price Index (CPI) in Metropolitan Lima recorded a year-on-year decline of 0.32%, rounding out a drop of 2.99% so far this year, according to […]
Lemon and onion continue to decline: how much was a kilogram sold for today in the Lima markets?
With information from URPI-LR He lemon price It started another week downwards and fell to less than S/2 per kilogram wholesale due to a greater supply of citrusaccording to the Ministry of Agrarian Development and Irrigation (Midagri). He subtle lemon in bag was sold at S/1.72 per kg, while in drawer at S/2.17 in wholesale […]
Sales in restaurants fall by up to 40%
The recession that Peru is going through is already being felt in the various economic activities, one of them being restaurants, which, after having been a sector hit hard by Covid-19, managed to reactivate; However, the low dynamism of the national economy has begun to have an impact on gastronomic businesses. And since April of […]
Price of onion falls to S/2 per kilogram in the retail market of Metropolitan Lima
With information from Urpi He onion price has been drastically reduced in recent weeks, falling from approximately S/9 per kilogram just a couple of months ago, to S/2 this Monday, October 23, 2023 in the markets of Metropolitan Lima. A team of The Republic found that this food was sold at S/2 per kilogram both […]
Sarah Laughton: “1 in 2 Peruvians is in a situation of food insecurity”
Today is the World Food Day and, in a 2023 marked by the cooling of the economy and inflation, Sarah Laughton prepares an x-ray of the food situation in our country and its consequences on national production; as well as policies to reduce gaps. -How is food security in Peru? -One in two Peruvians is […]
GDP in a nosedive: it would only grow 0.9% this year, warns the BCRP
The national economy will close the year with a growth of just 0.9%, according to the Central Reserve Bank of Peru (BCRP). This reading is starker than the 1.1% predicted by the Ministry of Economy and Finance (MEF). Julio Velarde, president of the BCRP, points out three reasons why GDP will stagnate: droughts in the […]