The Central Bank of Venezuela revealed that during the month of June, the National Consumer Price Index (INPC) reached 13.8 %. It also highlighted that the accumulated inflation rate for the first half of 2026 was 129.82 %.

“The result for the last month represents the third highest rate so far this year. The June figure was only surpassed by January’s 32.6 % and February’s 14.6 %. Thus, accumulated inflation during the first half of 2026 climbed to 129.82 %, while the annualized rate rose to 544.13 %.”

By sector, transportation led the increases across the different categories with a rise of 16.2 %. Education came in second with a 15.2 % increase, followed by housing at 14.9 % and health at 14.8 %.

In the recreation and culture category, the increase was 14.2 %, while household goods rose by 14.0 %. The groups of alcoholic beverages and tobacco, miscellaneous goods and services, and restaurants and hotels all saw an identical increase of 13.8 %.

The table registered the smallest increase in the communications sector, with 13.6 %; clothing and footwear at 13.3 %; food and non-alcoholic beverages at 13.1 %; and housing rentals closed with a variation of 10.9 %.

M.Pino

Source: analitica

(Reference image source: Mordo Bilman on Unsplash)

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The president of the Central Bank of Chile, Rosanna Costa, announced the projection of the country’s year-on-year inflation, which could remain at 5 % until June.

According to the executive of the regulatory body, this projection is based on “the simultaneous occurrence of cost shocks that, in line with narrow company margins, leads to assuming a greater transfer to prices than previously estimated.”

Costa also indicated that inflation convergence in Chile will occur at the beginning of 2026. In this sense, “monetary policy will continue to be guided by caution.”

The bank will continue to collect information on the development of the economy in order to evaluate “the opportunity to reduce the monetary policy rate in the coming quarters.”

The president of the Central Bank also referred to economic growth, indicating that a slow recovery of private consumption is expected; at the same time, a decrease in the projection for gross fixed capital formation is estimated for this year.

Finally, Costa referred to a possible growth of the Gross Domestic Product (GDP) between 1.5 % and 2.5 % in 2025 and 2026, respectively, due to a greater boost in exports and a lower boost in imports in the face of weak domestic demand.

M.Pino

Source: americaeconomia

(Reference image source: Alisson Rods on Unsplash)

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La entrada Chile’s inflation could remain at 5 % until June apareció primero en Bitfinance.

The risk rating agency Fitch Ratings issued its report on the fiscal deficit in Latin America for the first half of 2024, where an increase is seen in Brazil, Mexico, Chile and Colombia. On the other hand, it highlights the improvements in the public sector accounts of Argentina, Ecuador, Guatemala, Nicaragua and Paraguay.

Two realities in terms of regional economy that show the deterioration of fiscal accounts in the first block of four countries, in opposition to more effective positions such as those implemented by the government of Javier Milei in Argentina, followed by other positive measures in Ecuador, Guatemala, Nicaragua and Paraguay.

According to the Fitch Ratings report: “Fiscal deficits mostly widened as post-pandemic revenues began to decline, primary spending fell in line with past inflation, and high financing costs raised interest bills. . In 2024, the deterioration has continued, as spending has exceeded income, with some exceptions.”

By comparing the fiscal result “of the last years of each country with the fiscal result of the last 12 months as of June 2024 (with the exception of Bolivia and Colombia, whose latest data is as of April), the risk rating agency establishes that Argentina closed the last year with a fiscal deficit of -4.4 % of GDP. As of June 2024, its fiscal deficit corresponding to the last twelve months was -0.6 %. Its fiscal goal for 2024 is full balance (0 %).”

In the case of Brazil, the nation closed 2023 with a fiscal deficit of -7.5 % of GDP; accumulated -7.8 % fiscal deficit in the last 12 months to June 2024 and its goal for 2024 is -5.2 %.

Chile, another country where the fiscal deficit increased, ended 2023 at 2.4 %. By June 2024, the deficit reached -3.6 % and its fiscal goal is -1.9 %.

Colombia, on the other hand, “closed 2023 with a fiscal deficit of -4.3 %. Taking April 2024, in the last 12 months it accumulated a -6.2 % deficit. The goal for the end of 2024 is -5.6 %.”

Ecuador closed 2023 with a fiscal deficit of -5.3 %. In the last 12 months to June it reached -3.9 % and its fiscal goal for the current year is -3.5 %.

Mexico, another country where the fiscal deficit increased despite being the second most important economy in Latin America, closed 2023 at -3.3 % and in the last 12 months to June 2024 it rose to -4.1 %. The Mexican Government plans to close 2024 at -4.9 %.

Guatemala, a Central American country among those that have improved by improving its performance, closed 2023 with a deficit of -1.3 %, “while as of June 2024 it accumulated, in the last 12 months, a deficit of -0.5 %. The goal for 2024 is -2.4 %.”

Nicaragua, which is also among the best performing nations, closed 2023 “with a surplus of 2.7 %. The index rose by 2.9 % if the last 12 months to June 2024 are taken. The goal for 2024 is a surplus of 0.9 %.”

In the case of Paraguay, the fifth economy mentioned in the Fitch Report that has also improved public spending closed 2023 with a deficit of -4.1 %; in the last 12 months to June 2024 it was -3.1 % and has a fiscal goal to end 2024 of -2.6 %.

M.Pino

Source: finanzasdigital

(Reference image source: Jason Briscoe in Unsplash)

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Sales at fast food giant McDonald’s have seen a 1.0 % drop in the second half of 2024 as customers now avoid more expensive products.

In fact, McDonald’s customers have reiterated that the dishes have increased their value excessively. For this reason, now they do not buy Big Macs, for example, according to a report published this Monday by the company.

With this unfavorable trend in consumption, McDonald’s shares, “which have fallen 15 % this year, rose almost 4% after company executives announced that the $5 menu offer launched at the end of June in the US sold above expectations.”

External factors, such as inflation, slowdown in the fast food business and the war in the Middle East, affect the price of the products that McDonald’s offers. In a first attempt to maintain the business, they began to raise prices, but the change in customer consumption patterns has ended up affecting sales around the world.

M.Pino

Source: actualidad.RT

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