The Central Reserve Bank of Peru (BCRP) has recognized that the tightening of its monetary policies will not take effect at the desired time, and that inflation in our country, located at around 7.9% in May —there will only be an update next week—, will not return to the desired target range of 3% until […]
Tag: Inflation
“Here there is!”, the nascent private sector gains space from the state sector in Cuba
An explosion of small shops stretches across Havana, the most visible expression of the space gained by private companies in Cuba. The so-called SMEs, authorized only in 2021, displace state businesses, which are increasingly empty. “Here there is!”, is the name of a small store recently opened in the west of the Cuban capital, where […]
Saudi Arabia marks the step in OPEC+ with additional cut in its crude production
Saudi Arabia committed to new production cuts oil, marking the pace of the meeting of the alliance of oil exporting countries OPEC+ meeting this Sunday in Vienna to work out a strategy to boost prices, badly hurt by fears of a recession. The meeting of the thirteen members of the Organization of the Petroleum Exporting […]
Renting in Buenos Aires, drama for thousands and advantage for a few
Rent housing in pesos and in the long term it is a daunting task in Buenos Aireswhere the temporary offer dominates and in Dollars due to a inflation triple-digit annual growth that blew up the market for real estate. Martina Campos López (33 years old) and her partner (43) have been searching for more than […]
Rising prices: which cities in Peru suffered the highest inflation in May?
In May, consumer prices increased in 21 of the 26 cities From Peru. The highest variations were registered in Chimbote (0.77%), Chiclayo (0.68%), moyobamba (0.67%) Trujillo (0.57%), Huánuco (0.56%) Cajamarca (0.52%) and Pucallpa (0.51%), according to the latest report from the National Institute of Statistics and Informatics ( INEI). In contrast, cities with falling prices […]
Fed’s Bowman: Housing market rebound could influence fight against inflation
An apparent rebound in the residential housing market could affect the Federal Reserve’s inflation-fighting home prices.”leveling off” even as the bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said Wednesday. “We expect the decline in rents to eventually be reflected in the inflation data as new leases enter […]
Eccentric Argentine economist rises in polls for the presidential elections
The presenter welcomes the “future president” of Argentina. The audience begins to scream and many climb onto the seats to capture with their mobile phones the man with the strange hairstyle who makes his way through a sea of admirers who want to touch him. It’s playing at full volume in the background. “Let’s go […]
European Central Bank celebrates its 25th anniversary in the battle against inflation
In the middle of the battle against inflationhe European Central Bank (ECB) This Wednesday celebrates its first quarter of a century of an existence marked by the crises that forced it to extend its field of action. Some 200 guests are expected tonight in the steel and glass tower of the monetary institution located on […]
The UK will not enter a recession in 2023, according to the IMF
He United Kingdom will avoid entering a recession in 2023 and its economy is expected to maintain a “positive growth”indicated this Thursday the International Monetary Fund (IMF) in an update on the outlook for the country. However, the body admitted that the growth outlook for the UK is “moderate” when estimating that the increase will […]
Hunger and inflation: the consequences of the climate crisis in agriculture
Peruvian agriculture is not going through its best moment. In the last year, the ravages of droughts and rains with intensities not seen in several decades have been suffered, which aggravated the situation of the sector due to the crisis of fertilizers before the ineptitude of the Government to buy them. Now with Cyclone Yaku […]