The directory of Central Reserve Bank of Peru (BCRP) raised the benchmark interest rate to 3.50% as part of the normalization of monetary policy. It is worth emphasizing that this represents an increase of 50 basis points compared to January. This decision was made considering that the twelve-month inflation rate was 5.68% in January, temporarily […]
Tag: Inflation
US inflation accelerates in January and reaches 7.5% in 12 months
The inflation of the United States rose in January more than expected, reaching 7.5%; the fastest pace since 1982, after a 7% annual gain in December, according to Labor Department data released Thursday, February 10. Thus, the consumer’s price index (CPI) rose 0.6% in January from the previous month, reflecting broad increases that included higher […]
The worst of food price inflation is yet to come
Updated on 02/08/2022 02:50 am The inflation of the prices of food could rise as much as 5% in the Northern Hemisphere spring, exacerbating the growing cost-of-living crisis in the United Kingdomaccording to the president of the largest supermarket chain in the country. John Alan, chairman of Tesco Plc since 2015, said the worst of […]
Inflation in January was the lowest in the last 9 months, says the BCRP
Inflation in January reached 0.04%, the lowest in the last nine months, when in April 2021 it stood at 0.10%, according to the Central Reserve Bank of Peru (BCRP). In this way, the year-on-year rate of inflation decreased from 6.43% in December 2021 to 5.68% in January 2022, one of the lowest rates among the […]
United States: 4 indicators that show the strength of its economy despite inflation
Inflation in the United States during 2021 closed at 7.0%, the highest figure since 1982. The rise was driven by energy prices that rose 29.3% and food prices 6.3%, according to the index CPI (CPI). However, despite the increase in the cost of living, the economist Gian Maria Milesi-Ferretti, a senior researcher at the Brookings […]
Lima Stock Exchange closed at -1.21% with 14 indexes down
The Lima Stock Exchange (BVL) lost for the third consecutive session and closed with the main indices in red, 14 down and only 2 up. Thus, the S&P Peru General fell by -1.21% (22,209.59); while the S&P Peru Select, made up of the most traded shares in the local market, it closed at -2.02% and […]
Fed Nominees Back Inflation-Fighting Agenda
Updated on 02/03/2022 06:24 pm Containing inflation in the United States, which is at its highest level in decades, must be a priority for the Federal Reserve (Fed), since people “suffer” by rapidly rising prices, said President Joe Biden’s nominees for the central bank’s Board of Governors. While the Fed has a dual mandate to […]
Inflation hurts growth and eurozone finance ministers are concerned
Updated on 02/02/2022 02:28 pm Rising inflation is hurting growth in the eurozone and finance ministers are naturally concerned, Prime Minister Paschal Donohoe told the European Parliament’s economic committee on Wednesday. Euro zone inflation rose to a new record high of 5.1% year-on-year in December, defying expectations of a big drop and adding to doubts […]
Chicken and fish led price decline in Lima
The consumer price index (CPI) of metropolitan Lima closed in January 2022 with an advance of only 0.04%, the lowest since October 2020 when it grew 0.2%, according to the National Institute of Statistics and Informatics (INEI). The good result, compared to December of last year when inflation rose 0.78%, has been reflected in the […]
Inflation advances 0.04% in January 2022 in Metropolitan Lima
During January 2022, the Consumer Price Index in Metropolitan Lima accumulates a growth of 0.04%, according to the National Institute of Statistics and Informatics (INEI). It is the lowest advance since October 2020, fifteen months ago, when the IPC was 0.02%. For its part, the National Wholesale Price Index fell by 0.26% in January 2022. […]