Hand in hand with inflation. The National Institute of Statistics and Informatics (INEI) reported that education in Peru, in 2023, was 6.4% more expensive than in 2022. However, if we disaggregate only school education, the levels rose more than 10 %, on average. The prices of the teaching secondary were the most critical, with a […]
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Inflation in 2023 was leveraged by food, education and hotel services
The National Institute of Statistics and Informatics (INEI) reported that the 3.24% inflation recorded in 2023 – for the third consecutive year, above the target range – was anticipated by an increase in the prices of the consumer divisions of Restaurants and Hotels (6.46%), Education (6.40%), Food and Non-Alcoholic Beverages (3.74%). Other divisions that increased […]
2024 will bring an economic rebound that is insufficient to address social emergencies
The recession will leave us with a hangover so long that it cannot be compared to the one that welcomes millions of Peruvians in these first hours of the new year. Although the official data for 2023—by the INEI— it will only be known in February, it is expected that GDP fell between 0.6% and […]
Ministry of Agriculture ensures stability of food prices
The destructive passage of El Niño Costero in 2017, which remained in the retina of all Peruvians after devastating Punta Hermosa and anticipating the creation of the already sentenced Authority for Reconstruction with Changes (ARCC), caused the price increase of 390 of the 532 products from the basic family basket, according to data from the […]
144,318 companies were officially closed in Peru only between July and September 2023
The National Institute of Statistics and Informatics (INEI) reported that, in the third quarter of 2023, the number of active companies registered in the Central Directory of Companies and Establishments was 3 million 216,007 companies, a figure higher by 4% than the same quarter of 2022. . The data, which takes as its source the […]
1.7 million Peruvians work more hours than they should but earn a pittance
INEI warns that despite employment levels recovering to 6.6% compared to pre-pandemic levels, precariousness continues to rise. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Thursday, December 15? Christmas bonus will include 9% bonus in December Between September and November of this year, the […]
GDP does not recover and fell 0.82% in October
Downhill. INEI confirmed this Friday that the October GDP registered a decrease of 0.82% due to the lower performance of the Construction, Financial, Agricultural, Manufacturing, Telecommunications, Services Provided to Businesses and Accommodation and Restaurants sectors. In the tenth month of 2023, national production was leveraged by a greater increase in activities in the Mining and […]
More than 50% of informal workers do not believe in formalization
Informality is an endemic evil that affects 7 out of 10 Peruvians – according to the INEI – and has dented growth ambitions, since more than half of businesses outside the formal sphere consider that regulation does not bring them benefits, according to the World Bank. In detail, approximately 50% of informal workers believe that […]
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 […]
Annualized inflation as of November stood at 3.6%, its lowest rate in 29 months
The monthly value fell by 0.16%, while the accumulated value in the first 11 months of the year reached 2.88%, reported the INEI. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Friday, December 1? Payment schedule at Banco de la Nación: official payment […]