The Venezuelan Finance Observatory (OVF) indicated that during the month of July, inflation in Venezuela was 4 %.
The independent entity of the Central Bank of Venezuela also indicated that the interannual and accumulated inflation rates in the country reached 62 % and 22 %, respectively.…
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inflation
The Fed keeps interest rates between 5.25 % and 5.5 %
This Wednesday, the Fed announced through an official statement that the United States will maintain interest rates between 5.25 % and 5.5 %.
The body indicated that “in considering any adjustment to the price of money, the Committee will…
Remittances in cryptocurrencies to Venezuela increased
Venezuela's economic situation, marked by inflation, has driven the increase in the sending of remittances in cryptocurrencies to the country.
Another of the compelling reasons for a rebound in this alternative is the difficult access to…
Venezuela’s inflation between January and May was the lowest in 39 years
The president of Venezuela, Nicolás Maduro, referred to the country's inflation between January and May of this year as the lowest in 39 years. The inflation rate for said period was 7.8 %.
The statement was made by the president during…
BCV reported inflation of 1.5 % in May
For the month of May, according to the report from the Central Bank of Venezuela, the country's inflation was 1.5 %.
According to the regulatory entity, interannual inflation was 59.2 % and accumulated inflation was 7.8 %.
According to…
BCV: Venezuela registered an inflation of 4.1 % in the first quarter of 2024
Venezuela registered an accumulated inflation of 4.1 % in the first quarter of the year, after adding 1.2 % in March, the same as in February and 1.7 % in January, reported the Central Bank (BCV).
The 1.2 % rate is the lowest the nation…
Salary increase in May could be through bonuses
Venezuela's labor sector remains waiting for the salary increase on May 1. In this regard, economist Asdrúbal Oliveros, director of Ecoanalítica, declared this Wednesday that this could happen through bonuses.
He indicated that in the…
Argentina: Government adjusts pensions to the inflation index since April
Starting in April, pensions in Argentina will be adjusted to the inflation index according to a Decree of Necessity and Urgency signed this Saturday by President Javier Milei.
It is expected that in April, pensioners will begin to receive…
The Fed could make three interest rate cuts in 2024
The Fed's cut projections for 2024 and 2025 could be affected by the current variations in inflation in the United States.
According to a group of economists surveyed by Bloomberg, “the recent spike in inflation is unlikely to change…
ECB foresees increase in inflation in the Eurozone
During the first month of the year, inflation in the Eurozone has increased by 0.1 %, so the European Central Bank expects the trend to continue in the coming months.
The ECB published this Friday in a press release: “Inflation…
The Fed will not cut interest rates for the time being
The Federal Reserve (Fed) has made it clear that it will not cut interest rates until it is certain that inflation is falling sustainably towards the 2% target, according to the minutes of its last meeting held at the end of January and…
January year-on-year inflation in Argentina was 254%
According to the National Institute of Statistics and Censuses (Indec), the consumer price index (CPI) in Argentina registered an increase of 20.6% in January compared to December. Although this figure shows a slowdown compared to the 25.5%…