The National Institute of Statistics and Informatics (INEI) reported that the consumer price index, an indicator that measures inflation in the country, grew 1.25% in March 2023, the highest figure recorded in a year, taking into account that it only grew 0.29% in February and 0.23% in January. The monthly result was mainly influenced by […]
Tag: Inflation
IMF recommends fiscal tightening to help lower inflation
The International Monetary Fund (IMF) on Monday recommended fiscal tightening policies to help lower inflation, which are offset by incentives for the most vulnerable groups, to prevent the full weight of the measures to contain prices from falling on increases in prices. interest rates. “Fiscal tightening is appropriate in many countries because public debts are […]
The ECB considers that the high earnings of companies could drag down inflation
Fabio Panettaa member of the Executive Board of the European Central Bank (ECB), suggested that high corporate profits could generate a greater effect on inflation than anticipated, even beyond what is recognized. In an interview with the New York Times, the official said there’s a lot of discussion around raising wages, but probably not enough […]
INEI: annual inflation in Lima was 8.40% in March
In the third month of 2023, inflation in Metropolitan Lima rebounded to 1.25%, after rising by 0.23% and 0.29% in January and February, respectively. As reported by the National Institute of Statistics and Informatics (INEI), inflation in the first quarter of the year accumulated a rise of 1.78%. With the result for March, inflation, in […]
Annualized inflation to March was 8.67% nationwide
The nationwide inflation at 12 months it advanced 8.67% in March, after having increased 1.19% in the last month. The result was influenced by the categories of education and food, which advanced 4.76% and 2.32% in March, according to the National Institute of Statistics and Informatics (INEI). In the third month of the year, 20 […]
March inflation was 1.25% in Metropolitan Lima, the highest in a year
The Consumer Price Index (CPI) – an indicator that measures inflation – in Metropolitan Lima reached 1.25% in March, the highest in a year, achieving an accumulated variation of 1.77% at the end of the first quarter of 2023 , reported the National Institute of Statistics and Informatics (INEI). The increase in inflation in the […]
Fed raises its reference rate by 0.25%
The US Federal Reserve (Fed) announced yesterday Wednesday an interest rate hike of 0.25 points to place them between 4.75% and 5%, amid the crisis caused by the unexpected collapse of two main banks in the country and the rescue of a third. This is the ninth rate hike in a year to combat inflation, […]
Economic slowdown, inflation and rates revolve in the center of the Argentine financial scene
The financial square of Argentina showed a notorious selectivity on Thursday immersed in the growing doubts about the future of the domestic economy, in an election year, and the banking crises external that clouds the panorama. While annualized inflation exceeds 100% for the first time since 1991, the board of directors of the central bank […]
Argentines seek strategies to survive inflation above 100%
Argentines go to food markets in search of lower prices that allow them to avoid a inflation annual rate of 102%, one of the highest rates in the world, which will affect the presidential elections in October. In the midst of a delicate financial situation, Argentina reported on Tuesday that the Consumer Price Index (CPI) […]
US inflation slowed to 6.0% yoy in February
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%, […]