Argentina almost doubled its inflation in 2022, closing with 94.8% year-on-yearas reported by the National Institute of Statistics and Censuses of Argentina (Indec) on Thursday, January 12, 2023, climbing to an unprecedented figure since the end of the last hyperinflation of the South American country, 30 years ago. Accumulated inflation as of December 2022 was […]
Tag: Inflation
Why the current crisis is an opportunity to build a green economy
The world is going through multiple crises, but each crisis can also contain an opportunity. The key to identifying those opportunities is to look at different time frames. Can we find ways to take advantage of the urgent crises we face today and transform them into opportunities to address longer-term challenges? The just-published Global Risk […]
These are the greatest risks facing the world
The 2020s are off to a disruptive start. From the COVID-19 until the war in Europe, as explained by the Global Risks Report 2023 of the World Economic Forumhave given way to a “new series of food and energy crises, problems that decades of progress have tried to solve”. As a result, this year’s report […]
Dollar closes the week on the rise and trades at S/3.8140
The dollar closed higher on the day of Friday, January 13, 2023 and was located at S / 3.8140. Thus, presented an advance of 0.71% compared to the close of Wednesday and Thursday, when it was listed at S/3.7970, as reported by the Central Reserve Bank of Peru (BCRP). Likewise, the North American currency in […]
BCRP: “The problems we have in the south are generating significant price increases”
After two weeks of protests in Peru, calling for the resignation of President Dina Boluarte, the Central Reserve Bank of Peru (BCRP) indicated that, although it is premature to quantify the economic impact of the mobilizations, the greatest impact would be in the southern zone, which represents 15% of the Domestic Gross Product (GDP) of […]
BCRP raises the reference rate to 7.75%
The directory of Central Reserve Bank (BCR) agreed to raise the reference interest rate by 25 basis points to 7.75%, and with this continued with the adjustments of the monetary policy position. The first factor that influenced this decision is the inflation rate, which increased from 8.45% in November to 8.46% in December, due to […]
Inflation in the United States continues to drop and reached 6.5% in December 2022
The year-on-year rate of inflation in the United States continued to decline in December 2022, for the sixth consecutive month, and stood at 6.5%, 6 tenths below that of November, according to data published this Thursday, January 12, 2023 by the Bureau of Labor Statistics (BLS). In monthly terms, consumer prices fell by one tenth, […]
USA: fear of inflation arises
To counteract the effects of the COVID-19 pandemic, the US Treasury and the Federal Reserve (FED) have deployed enormous monetary and fiscal policy efforts: On the one hand, the money supply has grown 27% between February 2020 and February 2021. On the other hand, the volume of US fiscal debt is expected to reach 130% […]
Inflation in Brazil in 2022 slows down sharply, but does not reach the government’s target
Inflation Brazilian closed 2022 with a sharp slowdown from the double-digit highs recorded during the year, thanks to government measures and an aggressive monetary adjustment, but once again failed to meet the official target set by the Government. The benchmark IPCA consumer price index rose 5.79% last year, the IBGE statistics agency said on Tuesday, […]
Food prices reached record levels during 2022, according to the FAO
The prices of the staple foods they broke a historical record during 2022, mainly due to the conflict between Russia and Ukraine that made it difficult for wheat, corn and sunflower tradereported the Food and Agriculture Organization of the United Nations (FAO). for the reason that Ukraine it is the fifth exporter of wheat, while […]