The president of the Bank of the Federal Reserve of Richmond, Thomas Barkinsaid Wednesday that it is “skeptical” that inflation is on its way to falling to 2% and wants the option of another inflation increase rates in case it gains strength. “There is no particular need to do anything about interest rates if inflation […]
Tag: Inflation
Natural disasters will be attacked with S/6,000 million
Congress has until November 30 to approve the Public Budget for fiscal year 2024, and before starting the debate in plenary, the ministers of Dina Boluarte’s administration presented their margins of action for a year that would be marked, once again, by the phenomenon of The boy. In total, the Initial Opening Budget (PIA) for […]
Hunger worsened in 10 regions due to political crisis and fall in GDP
The pandemic shook the foundations of society and it is now that Peru has one more problem to face: the fight against hunger. According to the last Global Hunger Indexcarried out by Alliance 2015, in ten regions of our country hunger worsened due to inflation and the economic slowdown seen in 2022. Although the average […]
Fed concludes that inflation decreased, but will monitor data to ensure progress
Officials of the Federal Reserve They came to the conclusion a few weeks ago that the inflation is steadily declining, and they agreed to closely monitor incoming data to ensure the pace of price increases will continue to slow toward their 2% target, according to minutes of their meeting released Tuesday. As a result, policymakers […]
Savings are reduced due to lower purchasing power
“Save bread for May,” says one of the most popular morals in our country, considering that we are not free from the calamities of life; for example, the current deterioration of the Peruvian economy. In this regard, the Superintendency of Banking, Insurance and AFP (S.B.S.) details that the level of savings of natural persons in […]
Inflation in the eurozone fell to 2.9% in October, its lowest level since July 2021
The interannual inflation rate of the eurozone fell to 2.9% in October, which was the lowest figure since July 2021, as reported this Friday by the community statistics office Eurostat, which, in this way, confirms the preliminary estimate published last October 31. The community statistics office also reported today that annual inflation in the European […]
A T-shirt for a package of rice, the exchange in Argentina on the eve of elections
A T-shirt in exchange for a package of rice or a dozen eggs: a few days before the presidential election Sunday, in an Argentina plunged into a serious economic crisis, many resort to barter and popular solidarity to survive. In the suburbs of Greater Buenos Aires, on the corner of a dusty street in the […]
European Union cuts growth forecast for 2023
The European Union (EU) This Wednesday, it reduced its expectation of growth of the Gross Domestic Product (GDP) for 2023, while revising the increase in its expectation of the inflation for next year. In its autumn report, the European Comission (the executive arm of the EU) noted that GDP growth in the euro zone in […]
FED Philadelphia: US economy is strengthening, but progress in the face of inflation will be irregular
The economic prospects of USA have improved slightly and a key measure of inflation will continue its downward trend, a survey carried out by the Federal Reserve Bank of Philadelphia among experts in economic forecasting. The survey expects real GDP to grow at an annual rate of 1.3% this quarter, 0.1 percentage point higher than […]
MEF expects 12-month inflation to fall to 3.8% in November
The Minister of Economy and Finance, Alex Contrerassaid this morning that he expects 12-month inflation in November to fall to 3.8% from the 4.35% observed in October. The latest data from the Consumer Price Index (CPI) in Metropolitan Lima recorded, last month, a year-on-year decline of 0.32%, rounding out a drop of 2.99% so far […]