By the end of 2022, an inflation rate of 8.46% was reported in Metropolitan Lima, the highest recorded in 30 years, according to the National Institute of Statistics and Informatics (INEI). By April of this year, it has fallen to 7.97%, one of the lowest percentages in the last 12 months. At the end of […]
Tag: Inflation
Keys to salary recovery in Venezuela
The minimum wage in Venezuelalast increased to 130 bolivars in March 2022, when it was equivalent to 29.68 dollars, has been devalued by 82%, to reach the current 5.18 dollars, as a result of the inflationa situation that has prompted more than 2,000 labor protests this year, according to NGOs. This level of salary, the […]
FAO: World food prices rose for the first time in a year in April
The Food and Agriculture Organization of the United Nations (FAO) revealed on Friday that the reference index of international prices of food products increased for the first time in a yeardue to the rise in prices such as sugar, meat and rice. The entity attached to the UN stressed that “the food price index that […]
Minimum wage in Peru: how much do labor unions propose to increase and what does the MEF think?
Due to the price hike of the basic family basket, different labor unions have advanced that they will propose to the Government to raise the Minimum Vital Remuneration (RMV), which today stands at S / 1,025, a value established since April 2022 during the administration of former President Pedro Castillo. These proposals have generated the […]
MEF forecasts that inflation will close the year at around 3%
The minister of Economy and Finance, Alex Contreras indicated that he expects that, by the end of this year, inflation would trend downward and approach 3%. “The positive news is that, for the third consecutive month, inflation is falling and, between March and April, there has been the most important reduction in the last 15 […]
Inflation in the euro area picked up one tenth in April to 7%
The rate of inflation The annual rate in the euro zone increased one tenth in April in relation to March, up to 7.0%, driven above all by the increases in food prices, according to the preliminary estimate released today by the Eurostat community statistics office. According to the report collected by EFE, the rate was […]
With the US economy slowing, the Fed focuses on inflation
Dark clouds are gathering over the US economy, but the Federal Reserve (Fed)which will meet this week, maintains the course of its strategy despite the looming storm and seeks to continue trying to tame the inflation. The priority of the Fed (central bank), whose economic policy committee will deliberate Tuesday and Wednesday, is to prevent […]
Inflation in Metropolitan Lima: what were the products that became more expensive in April?
In April 2023, the Consumer’s price index (CPI), which measures the inflation, increased by 0.56% in Metropolitan Lima. Thus, it achieved an accumulated advance of 2.35% so far this year. While the annual rate, corresponding to the last twelve months, reached 7.97%, reported the National Institute of Statistics and Informatics (INEI). The increase in prices […]
Annualized inflation to April was 7.97% in Metropolitan Lima, the lowest in 12 months
The annualized inflation advanced 7.97% to April in Metropolitan Limathe lowest in 12 months, after having increased 0.56% in the last month, according to the National Institute of Statistics and Informatics (INEI). The advance for the fourth month of the year is the second highest of the year, only below the result of March, when […]
Inflation in Metropolitan Lima slowed down and advanced 0.56% in April
The Consumer Price Index (CPI), an indicator that measures the inflationwas 0.56% during April in Metropolitan Lima, according to the National Institute of Statistics and Informatics (INEI). The result for the fourth month of the year represents a strong setback compared to the figure for March, when it advanced 1.25%. In January and February, inflation […]