With the support of URPI Foods such as potatoes in their different varieties register a rise in its price of up to S/2.00 per kilo in the first week of 2023, according to a tour of three retail markets in metropolitan Lima carried out by a team from La República. In detail, it was possible […]
Tag: Inflation
Investor bets on risky assets undermined by strike threats
While signs that inflation has peaked have fueled bets on everything from a weaker dollar to a rebound in global stocks this 2023, there is growing concern among some market strategists that a break in labor costs will hamper the flow of money from havens to assets that thrive in an economic boom. Warning signs […]
Inflation: which products increased their prices the most in Metropolitan Lima during 2022?
The annualized inflation of Metropolitan Lima closed 2022 at 8.46%, according to the National Institute of Statistics and Informatics (INEI). In addition, during the last month of 2022, December, the National Consumer Price Index rose by 0.66%, while the Metropolitan Lima Consumer Price Index increased by 0.79%. The annual advance was led, mainly, by the […]
US inflation continues to decline, but wages will keep the Fed on its toes
The Federal Reserve’s preferred inflation gauges cooled in November, including a headline annual measure that posted the smallest rise in more than a year, according to Commerce Department data released Friday. Consumers’ annual inflation expectations fell this month to the lowest level since June 2021, a University of Michigan survey showed. LOOK HERE: New complaint […]
Inflation closes 2022 with 8.46% in Metropolitan Lima, the highest rate in 26 years
In 2022, the Consumer Price Index of Metropolitan Lima, an indicator that measures inflation, increased by 8.46%, the highest rate recorded in the last 26 years. In 1996 it reached 11.84% and in the previous year it reached a rate of 6.43%, according to the National Institute of Statistics and Informatics (INEI). Above all, the […]
Fears of recession grow on Wall Street
Wall Street closed this week again in the red, thus accumulating two in a row caused by fear of a possible recession after the increase in interest rates by the Federal Reserve (Fed) and the European Central Bank to combat inflation. In detail, the Dow Jones of Industrial –the main indicator of the New York […]
Vacancy does not affect confidence or growth
Despite the political upheaval generated by the failed coup d’état by Pedro Castillo and its subsequent vacancy, The economic growth estimates for this year and 2023 will not be affected –which in their most optimistic scenarios would be 3.0% and 3.9%, respectively– (see infographic). According to Hugo Perea, chief economist at BBVA Research, In the […]
BCRP raised the reference interest rate to 7.50% to contain the advance of inflation
The Central Reserve Bank of Peru (BCRP) agreed to raise the reference interest rate by 25 bps. at 7.50%, as part of its monetary policy adjustments and with the intention of attenuating inflation that is at the upper limit of the target range. The twelve-month inflation rate increased from 8.28% in October to 8.45% in […]
Peru would lead growth in the region during 2023
The gross domestic product (GDP) of Peru it would grow between 2.3% and 2.5% in 2023 and would position itself as the economy with the best performance in the region, according to forecasts by Credicorp Capital and BBVA Research. For this year, both entities agree that the advance will not be greater than 3% (between […]
BBVA Research maintains Peru’s growth forecast for 2022 at 2.3% and cuts it to 2.5% for 2023
The BBVA Research maintains at 2.3% the Peru growth forecast by 2022. The slowdown is driven by the high level of uncertainty in global economic agents due to increases in interest rates by central banks and an imminent recession in the main world economies. “It cannot be ruled out that this year’s growth will be […]