The Group of Seven (G7) announced last Saturday that it will take steps to invest in its own economies and reduce its “excessive dependencies” on China for “critical” supplies. This without endangering the development of Beijing. In the final declaration of the summit held in the Japanese city of hiroshimathe leaders of the block indicated […]
Tag: Inflation
Emolienteros evaluate increasing the price of the traditional drink and demand support from the Government
Due to the rise in prices of the basic family basket, the emollienteros evaluate increasing the price of the glass of this traditional drink at S/2.00. This was confirmed by Edgar Sáenz, president of the National Federation of Emolienteros and Allied of Peru (Fentep). In an interview with RPP, the leader argued that the prices […]
G7 pledges to take “necessary steps” for financial stability
The G7 promised this Saturday to adopt “the necessary measures” to maintain financial stability and to be “agile and flexible” in its macroeconomic policies to counteract economic uncertainties. In their joint statement published today, the leaders of the Group of Seven expressed confidence in the resilience of the financial system after its adaptation to “multiple […]
Jerome Powell: Bringing down US inflation will take time
The president of the US Federal Reserve (Fed), Jerome Powell, insisted yesterday that his institution remains committed to the mission of returning the inflation to 2% in the United States and affirmed that the economic data continues to indicate that it will take time. “So far, the data has continued to support the committee’s view […]
Powell: “The data supports the Fed’s view that lowering inflation will take some time”
The president of the Federal Reserve American (Fed), Jerome Powellinsisted this Friday that his institution remains committed to the mission of returning inflation to 2% in the United States and He said economic data continues to point to it taking time. “So far, the data have continued to support the committee’s view that it will […]
Why is the Peruvian sol the most stable currency in Latin America and what trend is expected by the end of the year?
He peruvian sol has been the strongest currency of Latin America in the last 23 years, highlighted the Central Reserve Bank of Peru (BCRP) and this 2023 seems to be no exception because it has been positioning itself as the badge most stable in the region. This is reflected in the last three months, in […]
Argentina: eating is a daily struggle for many, due to soaring prices
Gimena Páez is one of the women waiting her turn to pick up some meat in a community kitchen located in a neighborhood of Buenos Aires where, unlike others, the poverty not obvious. Every day she comes equipped with a bag to guarantee her daughter a ration of nutritious food. In the small premises located […]
INEI: more than 9 million Peruvians remain submerged in poverty
According to the National Institute of Statistics and Informatics (INEI), almost a third of Peruvians closed 2022 in the monetary poverty absolute, a situation that reflects the increase in precariousness in Peruvian households. And it is that, despite the macroeconomic bonanza that catapults us as one of the most solid countries in the region, poverty […]
Inflation in the United States would close 2023 at up to 3.77%, Credicorp Capital forecasts
The inflation The total for the United States would close the year at a maximum of 3.77% if its monthly advance remains around 0.3%, Credicorp Capital forecasts. The Consumer Price Index for the previous month was 4.9%. “Inflation would reach close to 3.8% and next year inflation would be closer to 2%,” says Diego Camacho, […]
BCRP: inflation would normalize in February 2024
Inflation in April finally fell below the 8% threshold, after touching its maximum peak in almost three decades at the end of 2022. Along these lines, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, assured that the Consumer Price Index (CPI) —that is, the cause of the headache in the household […]