From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.

This was reported this Sunday, June 1, by the National Institute of Statistics and Informatics (INEI in Spanish), which also provided sector-by-sector data.

“In Metropolitan Lima, the CPI decreased 0.06 %, accumulating a 1.17 % increase in the January-May period, according to the technical report Variations in Economical Price Indicators from the National Institute of Statistics and Census (INEI).”

The annual rate, which corresponds to the last 12 months, reflected a percentage change of “1.72 % for the national indicator and 1.69 % for Metropolitan Lima.”

According to the INEI, the items that saw decreases last month were food and non-alcoholic beverages (0.40 %), transportation (0.31 %), and lodging, water, electricity, gas, and other fuels (0.18 %).

Regarding consumer prices in May, the institute reported increases in 11 cities, with the highest change observed in Iquitos at 0.33 %.

M.Pino

Source: xinhua.net

(Reference image source: Markus Winkler on Unsplash)

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The Venezuelan Finance Observatory (OVF) reported this Monday that cumulative inflation in Venezuela for the first quarter of the year stood at 36.1 %.

According to the independent organization made up of economic analysts, prices for goods and services accelerated during this first quarter. “According to their data, inflation in January was 7.9 %; in February, 12.8 %; and in March, 13.1 %, while the year-on-year change reached 136 %.”

The OVF (National Food and Agriculture Organization) reported in its report this Monday, April 7, that in March, the largest price increases were recorded in the household goods segment (16.7 %) and services such as gas (56 %) and cleaning services (17 %). A 14 % increase was also seen in food and non-alcoholic beverages.

According to analysts, March was the “sixth consecutive month with a sustained devaluation of the bolivar — the local currency — which is still used to pay salaries, bonuses, and pensions, and which lose purchasing power as the dollar rises.”

M.Pino

Source: swissinfo

(Reference image source: Victoriano Izquierdo on Unsplash)

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