The year-on-year rate of inflation in the United States in February reached 7.9%, that is, 0.8% over what was registered in January. The increase was driven by rising energy prices following the Russian invasion of Ukraine. February inflation is the highest recorded in nearly 40 years (since 1982), the Bureau of Labor Statistics reported Thursday. […]
Tag: Inflation
War in Ukraine: Peru will benefit from high metal prices, according to Fitchs
Fitch Ratings pointed out, this last Monday, March 7, that the impact of the high prices of raw materials such as the highest of metals will benefit Chile (A-/Stable) and Peru (BBB/Stable) (although a major shock to global growth could cause prices to fall), but as importers of Petroleumthe benefit will be offset by higher […]
IMF: War in Ukraine will have ‘severe impact’ on low-income households
The war in Ukraine will have a “severe impact” on the world economy if the conflict escalates, affirmed the International Monetary Fund (IMF) this last Saturday, March 5. In addition, he specified that countries with economic ties with Kyiv and Moscow are exposed to higher risks. While the situation remains highly fluid and the outlook […]
Russia against Ukraine: how does the war impact the fight against inflation in Peru and the world?
The war between Russia and Ukraine ceased to be a face-to-face battlefield and has moved to the economic field with the sanctions imposed by the United States and its Western allies with the intention of persuading Vladimir Putin to stop his advance in Ukraine; and with “destroying the Russian economy,” according to White House officials. […]
Chicken price continues to fall despite a 0.31% rise in inflation
During February of this year, the Consumer Price Index (CPI) of metropolitan Lima rose by 0.31%, while the accumulated variation of the first two months of the year 2022 was 0.35%, according to the National Institute of Statistics and Informatics (INEI). The monthly result responds to the rise in prices in sectors such as recreation […]
Oil price rises more than 10% due to war in Ukraine
The price of a barrel of US oil WTI raised its price this Tuesday, March 1, by more than 10% and that of the barrel of Brentboth indices reached record levels since 2014, with a value of 106.29 dollars per barrel of WTI and $107.44 from Brent’s. The reference WTI oil for America had closed […]
Inflation in Metropolitan Lima increased by 0.31% in February 2022
According to the National Institute of Statistics and Informatics (INEI), in February 2022, the Consumer Price Index in Metropolitan Lima (IPC) accumulated a growth of 0.31%, very close to the 0.36% of September 2022. 2021. In this way, annualized inflation registers 0.35%. Meanwhile, the CPI at the National Level grew 0.46%. At the end of […]
Inflationary shock due to war threatens Latin American economies
Updated on 02/26/2022 03:22 am The rise in commodity prices caused by the Russian invasion of Ukraine is a “double edged sword” for Latin American economies, as it boosts exports but also hurts consumers and calls for tighter monetary policy, according to Oxford Economics. “Rising commodity prices are usually good news for Latin AmericaJoan Domene, […]
The European Central Bank anticipates more inflation and uncertainty due to the crisis in Ukraine
The European Central Bank (ECB) anticipated that there will be a rise in inflation, which will be specified in figures on March 10, and more uncertainty in the old continent as a result of the rise in energy prices due to the Russian invasion of Ukraine. Although the president of the ECB, Christine Lagardeconsidered “premature” […]
Russia’s invasion of Ukraine: How does it affect food prices?
After heightening the geopolitical tension resulting from the invasion of Russia to UkraineUP Administration professor and researcher Angie Higuchi explains that food insecurity will intensify globally. Higuchi points out that when the productive work of Ukraine and Russia, the main actors in the food marketing business, pauses, inflation – already high in recent months – […]