Unmarked prices, food that rise from one day to the next, wages that do not allow to reach the end of the month. That is the daily life of Argentine citizens, who added to the terrible economic situation they have been living for a long time the devaluation of 22% of the official exchange rate […]
Tag: Inflation
Bonds rise, stocks fall could encourage Fed pause
The increase in the yield of the bonds of the Treasure of USA and home mortgage rates may reduce support from the Federal Reserve to further rises in interest rates, the prospects for which have already diminished due to the slowdown in the inflation. The Fed raised rates at its July meeting by a quarter […]
Lemon and onion prices will continue to rise in August
More blows to the home economy. Peruvians will have to spend more to consume two important products of the basic basket, such as lemon and onion, which, during August, will continue with high prices, warned the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde. As La República announced, the price of lemon […]
INEI: GDP contracted 0.45% in the first half of 2023
Two consecutive quarters in red confirm the technical recession of the peruvian economy. The GDP in June fell 0.56%, thus the result for the first half of the year was -0.45%, according to the latest report from the National Institute of Statistics and Informatics (INEI). From January to June, the sectors that had negative performance […]
Midagri: wholesale lemon price rose more than 200% in two months
In recent weeks, the lemon and onionessential foods for the family table, have established themselves as the products that have increased their prices the most, even doubling their value per kilogram in the retail markets of metropolitan Lima. In the period between June 14 and August 14 of this year, data provided by the Ministry […]
Wall Street posts weekly loss on S&P 500 and Nasdaq after US inflation data.
Wall Street posted another weekly loss in the S&P 500 and Nasdaq indices, the second in a row in both cases, after several US inflation data releases this week failed to convince investors. The S&P 500 fell 0.3% accumulated and the Nasdaq 1.9%, while the Dow Jones remained afloat and closed the week with an […]
Food inflation due to El Niño would cost 1% of GDP
The occurrence of a Global El Niño phenomenon, coupled with a Coastal Niño over the last quarter of 2023, poses a significant risk over four regions that concentrate 25% of the national agricultural production, in addition to the provision of some of the most important foods in the basic Peruvian family basket, such as rice […]
China enters deflation: prices in the Asian giant fell -0.3% in July
For the first time since the beginning of 2021, the Consumer Price Index (CPI) in China fell -0.3% in July and catapulted the world’s second largest economy into deflationary terrain, according to official data from the National Office of Statistics (ONE). China runs in the opposite direction to the world: while in other countries interest […]
BCP reduces its growth forecast for the Peruvian economy from 1.7% to 1.1% in 2023
He Credit Bank of Peru (BCP) cut its growth forecast for the Peruvian economy in 2023 from 1.7% to 1.1% in 2023, due to the effects that the El Niño phenomenon could cause in the last quarter of the year. The estimate remains at 2.7% for 2024. For the remainder of 2023, Credicorp Capital’s Buy […]
Rice price shoots up and reaches its highest level in 15 years
The price of rice in Asia has reached its highest level in almost 15 years due to growing concerns about world supply and the impact that the drought could have on Thai production, Bloomberg Line reported. This situation could be aggravated by the fact that India, one of the largest exporters, has imposed restrictions on […]