Congressman José Jerí Oré, from we are peruhas proposed to exceptionally exempt the main products of the basic family basket from the General Sales Tax (IGV) in favor of the departments, provinces and districts that have been declared in a state of emergency in order to mitigate the negative impact brought about by heavy rains […]
Tag: Inflation
Crude oil rises but registers weekly loss due to economic uncertainty
The prices of Petroleum rose on Friday on strong economic data from the Euro zone and Great Britain, but ended the week with a drop weighed down by the economic uncertainty and the expectations of increases in interest rates. Brent futures for June delivery rose 56 cents to $81.66 a barrel. West Texas Intermediate (WTI) […]
BCRP does not yet plan to reduce the reference rate
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarderecently said in an interview with Bloomberg that he is wary of the risk of easing monetary policy prematurely before inflationary pressures have subsided. “We have to be sure that inflation is defeated. The worst case scenario for a central banker is to lower […]
Julio Velarde: “We have to be sure that inflation is defeated to lower interest rates”
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarderecently said in an interview with Bloomberg that he is wary of the risk of easing monetary policy prematurely before inflationary pressures have subsided. “We have to be sure that inflation is defeated. The worst scenario for the central banker is to lower the […]
America continues in its fight against the inflationary tsunami
America has been experiencing an inflationary spiral for months: Argentina reached triple digits with a year-on-year CPI rise of 104.3%, and although some countries seem to be close to reaching their ceiling, the general outlook for the first quarter of 2023 was marked by fluctuations and the wait. AN APPARENT BREAK IN THE USA The […]
BCRP: economy stagnated in the first quarter of 2023
For much of 2022, the Peruvian economy, despite continuing in the positive tranche, tended to slow down. The social conflicts after the failed coup d’état by Pedro Castillo and the police repression of the Dina Boluarte regime before the clamor of a constituent assembly meant that in January of this year the GDP fell 1.12%, […]
Eating or taking medication, the dilemma faced by Argentine retirees due to inflation
More than 85% of the retirees in Argentina, approximately 6.5 million, earn an average of 58,500 pesos, the equivalent of 265 dollars, from retirement minimum and barely enough to cover a third of their monthly expenses for food, medicine and rent that increase at the rate of a inflation uncontrolled. With trembling hands, a group […]
IMF: the rich must pay more taxes to contain high inflation in Latin America
He International Monetary Fund (IMF) foresees that inflation in Latin America will reach “unacceptably” high levels, for which reason it has warned the region to take strong measures. Among the main ones is implementing stricter fiscal policies, raising, for example, taxes the richest, as well as supporting central bankss in its monetary policy without cutting […]
World Bank reviews 2023 global growth at 2%
The lack of confinement of markets in China has contributed to decongesting the global growth figures for 2023, anticipated this Monday the world Bank (BM) during the first day of its spring meetings with the International Monetary Fund (IMF). Thus, the head of the multilateral organization, David Malpass, announced a progress of three tenths from […]
Wineries raise their prices weekly due to inflation
More than 200 micro and small business entrepreneurs (MYPE) of the manufacturing (45%), retail trade (30%) and services (25%) sectors have had to raise their prices to face inflation, the political and social crisis of recent months, and the climatic ravages of Cyclone Yaku, reveals the survey carried out within the framework of the first […]