Inflation slowed down USA in February to 6.0% year-on-year, its lowest level in almost a year and a half, at a time when the fed (central bank), in charge of stopping the rise in prices, is against a rock and a hard place after the bankruptcy BLS. On a month-over-month basis, inflation fell to 0.4%, […]
Tag: Inflation
BCRP: Rains in the north would impact the prices of some foods in March
The Central Reserve Bank of Peru (BCRP) warned that the monthly inflation rate for March would be higher than that of previous months (in January it was 0.23% and February 0.29%) due to temporary and seasonal factors. carlos montoromanager BCRP Monetary Policyexplained that in March a jump in inflation is generally observed, due to the […]
Lemon price increased by 19% due to rains in the north, according to the BCRP
So far in March, the lemon price It has increased by around 19% as a result of the heavy rains that are registered in the north of the country, revealed the Central Reserve Bank of Peru (BCRP). However, the entity explained that this rise will be temporary because this behavior is due to a conjunctural […]
BCRP: social protests would have impacted GDP in February by two percentage points
Because the social protests during the second month of the year they occurred to a lesser extent than in the previous months, the economic blow in Peru has also been reduced. According to the Central Reserve Bank of Peru (BCRP), the impact on the Gross Domestic Product (GDP) for February would be around two percentage […]
Is the fear of inflation over? For and against rigid inflation
Two years after inflation began its rapid rise, investors, economists and policymakers remain divided on the path forward. Yes, headline inflation in major developed economies has receded from multi-decade highs, the inflationary impulses of COVID-19, such as the skyrocketing prices of used cars and semiconductors, are fading, and the gas crisis in Europe has subsided. […]
They fear inflation and high yields will turn US equities into “dead money”
The renewed hard-line stance of the Federal Reserve is prompting investors to consider how an interest rate regime could affect US equities “higher for longer”. Some believe that a long road awaits them. Although stocks have risen in periods when rates hovered around current levels, some investors worry that the combination of high bond yields […]
Avian flu outbreak and rains in the north could keep inflation high
In February, inflation in Metropolitan Lima —barometer of the national reality, according to INEI— grew 0.29%; and, in annual terms, it reached 8.7%, completing 10 months in a row above 8%. From Credicorp they reported that in February the price of chicken rose 10.08% and that of chicken eggs 6%, both products covering 80% of […]
Chicken price nationwide reaches S / 13 in markets
Upward. Wholesalers rose by more than 24% in the last 3 months. Increase is due to soybean shortage and bird flu. In the last three months, the wholesale price of chicken has increased by 24.7% or S/1.60 per kilogram. It went from around S/6.62 on December 1, 2022 to S/8.22 yesterday, March 3. This rise […]
The ultra-rich lost 10% of their fortune in 2022, according to a study
The fortune of the super rich decreased 10% in 2022 as their investments were affected by increases in interest rates as a result of the war in Ukraine and of the inflationaccording to a study by the consulting firm Knight Frank. The total wealth owned by these people “very wealthy”, defined as owning at least […]
Fed officials debate between more hikes or longer after January inflation
The authorities of the Federal Reserve of USA They were divided on Wednesday on whether recent high inflation data and a stubbornly hot job market will call for further tightening of interest rates, or simply keeping monetary policy tighter for longer. At a business event, Minneapolis Fed President Neel Kashkari said he was leaning “to […]