He Consumer’s price index in Metropolitan Lima—barometer of inflation in the country—fell to -0.32% during October and, in year-on-year terms, stood at 4.34%, its lowest level since July 2021according to National Institute of Statistics and Informatics (INEI). The monthly result of inflation is explained by the greater incidence of sectors such as food and non-alcoholic […]
Tag: Inflation
Inflation in Metropolitan Lima fell 0.32% in October, its lowest level in 27 months
He Consumer Price Index (CPI) in Metropolitan Lima it fell 0.32% year-on-year in October, according to the National Institute of Statistics and Informatics (INEI). In this way, the accumulated inflation in the tenth month of the year reverts to 2.99% and that of 12 months to 4.35%, -the lowest since July 2021-, one step closer […]
Juan José Marthans: “A CADE without assigning tasks and responsibilities is useless”
Economist Juan José Marthans, former head of the Superintendency of Banking Insurance and AFP (SBS) and executive president of Globokas Perú, He harshly criticized the Peruvian business sector for being not very “diligent” and having two shortcomings. The first, that they ask for unity in the country, but they are not united among themselves; and […]
Jorge Solís: “A recession has been created that hits the companies of those below”
In a scenario of high interest rates to contain inflation, the municipal banks ask the BCRP to end the restrictive credit policy, since it puts mypes, which are the business DNA of the country, in check. In addition, they demand more direct policies compared to Reactiva and the FAE to keep the sector afloat. -How […]
Who are the five candidates for the presidency of Argentina?
The Argentines They will choose on Sunday, October 22, among five candidates for the president’s successor Alberto Fernandez for a government period of four years. Some 35 million Argentines are called to the elections in which 24 seats in the Senate and 130 national deputies will also be renewed and several authorities will be elected, […]
Scotiabank revises its inflation forecast in Peru downward from 5% to 4.6% in 2023
The Department of Economic Studies of the Scotiabankrevised its inflation projection downward for 2023 from 5% to 4.6%, due to the trends that have occurred in the variation of prices, below expectations. “Inflation and inflation trends have been below what we expected over the last three months, reaching in September the inflation rate we expected […]
GDP falls for the fourth consecutive month: -0.63% in August
The INEI figure confirms what was anticipated by the Ministry of Economy and Finance (MEF): the eighth negative month. Thus, GDP fell 0.63% in August and accumulates a decline of 0.58% so far this year (see infographic). The sectors that explain the monthly contraction are construction (-9.57%), financial (-9.68%), manufacturing (-4.11%), agriculture (-4.05%), telecommunications (-2.35 […]
Prices refuse to fall in the US and inflation stagnates in September at 3.7%
The inflation rate in the United States refuses to fall, for the third consecutive month, and remained stable in September, at 3.7%, the United States Bureau of Labor Statistics (BLS) reported this Thursday. This stagnation occurs after prices rose two and five tenths in August and September, respectively, after a previous one-year streak of declines. […]
The Chinese CPI slows down and is frozen again at 0% year-on-year in September
The consumer price index (CPI), the main indicator of inflation in China, was “frozen” for the second time this year after slowing to 0% year-on-year in September, according to data published today by the National Bureau of Statistics (ONE). ). The September rate was 0.1 points below that of the previous month, when it recorded […]
Fed minutes confirm another rate hike likely this year
The majority of the members of the Federal Open Market Committee of the Federal Reserve of USA (Fed) estimated in their last meeting that another interest rate increase will be necessary before the end of the year. The US central bank published this Wednesday the minutes of its last meeting, held on September 19 and […]