Inflation, despite showing signs of moderation in recent months, continues to be a challenge for the Peruvian economy, even leading them to resort to their savings to face this situation. Thus, people would be allocating a greater part of their deposits from their salary account to consumption. According to a report made by Scotiabank, personal […]
Tag: Inflation
Due to historical drought, soybean production collapsed 51.5% in Argentina
The production of soybeans Argentinaone of the world’s largest exporters of the oilseed, totaled 21 million tons in the 2022-2023 campaign, with a year-on-year collapse of 51.5% and registered its lowest volume in 20 years as a result of a drought historical. The data comes from a study by the Buenos Aires Grain Exchange, released […]
Costa Rica: country with the lowest inflation in the OECD, seven times below the average
Costa Rica was the country of the OECD with the year-on-year rate of inflation lower, 0.9% compared to 6.5% on average, and this in a general context of slowdown in prices, marked above all by the fall in energy prices. Inflation in Costa Rica fell significantly in May, after the 2.4% in April, thus becoming […]
What was the MUC dollar and why did it disappear from the Peruvian economy?
the dollar of Single Exchange Market (MUC) was a currency, similar to the US dollar, that circulated in parallel in the Peruvian market. This currency was created during the government of Francisco Morales Bermúdez in 1977, through Law No. 21953. In a free market economy, the exchange rate is governed by the interaction of supply […]
FAO launches plan to help 175,000 Venezuelans through food production
The Food and Agriculture Organization of the United Nations (FAO) published on Monday a humanitarian response plan for Venezuelawith which it seeks to help 175,000 people through small-scale food production and the intake of “healthy diets” in schools. To comply with this roadmap, 12.75 million dollars are required, an amount that FAO hopes to capture […]
MEF on the drop in inflation in June: “We have a clear reversal process”
The Minister of Economy and Finance, Alex Contrerassaid he expected inflation to remain low in July, after recording a first drop of 0.15% in June. The head of the MEF assured that this lag in the Consumer Price Index (CPI) from 7.89% in May to 6.46% in June marks the path for an evident “reversal”. […]
Inflation falls in June to year-and-a-half lows
After reaching peaks of 1.25% in the first quarter of 2023, leveraged by a social conflict that was fueled by natural disastersthe inflation in Metropolitan Lima it returned to negative territory and weighed down 0.15% in June, a drop of 6.46% in its twelve-month performance from 7.89% in May. This is the lowest annualized inflation […]
Inflation 2023: what are the products that rose and fell in price the most in June?
The inflation of the last 12 months in Lime Metropolitan reached 6.46% in June 2023, a slight drop of 0.15% that places it as the lowest in 18 months (since February 2022), according to the National Institute of Statistics and Informatics. (INEI). According to said report, the price decrease was registered in the following consumer […]
Annualized inflation fell in June to 6.46% in Metropolitan Lima, the lowest in 18 months
The annualized inflation in Metropolitan Lima it fell to 6.46% in June 2023, a cut of 0.15% that places it as the lowest in 18 months, according to the National Institute of Statistics and Informatics (INEI). This is the first setback in the Consumer Price Index (CPI) so far this year, after the 1.25% peak […]
BIS: interest rate hikes could remain high for longer than expected
He Bank for International Settlements (BIS) noted in its main economic report that inflation has begun to decline from multi-decade highs almost everywhere, but the work of central banks is far from over. He stressed that despite the most intense monetary policy tightening in recent times, the last leg of the journey to restore price […]