In Venezuela, the increase in the prices of goods and services accelerated inflation, which according to the Central Bank was 6.2 % in June.
The regulatory body announced the figure on Friday night, noting that accumulated inflation stood at 108.4 % and year-on-year at 404.4 %.
Despite the fact…
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inflation
Blockchain technology solves real-world problems in Africa
Blockchain technology is solving real-world challenges in Africa, such as hyperinflation and corruption, in contrast to many Western investors who see crypto as an opportunity to speculate on the next big trend.
Chris Maurice, founder and…
Interannual inflation in Argentina was 114.2 %
The Consumer Price Index (CPI) of Argentina returned repeatedly in May above three digits, reaching 114.2 % year-on-year, which represents an increase of 5.4 points compared to the data for April.
For its part, according to the National…
Dollar flow in the P2P market in Venezuela has grown by 48 %
The economic situation in Venezuela continues to get complicated, despite optimistic statements about a speedy economic recovery, both official and unofficial data reflect a contrary reality for Venezuelans.
According to the latest figures…
Inflation in Germany shows decline to 6.1 % in May
The inflation rate fell significantly in Germany in May to 6.1 %, the lowest level in more than a year, the Federal Statistical Office (Destatis) reported today based on preliminary data.
The increase in consumer prices thus lost pace for…
Inflation in Chile is almost in double digits
The Consumer Price Index (CPI) of Chile stood at 9.9 % year-on-year in the month of April, managing to once again cross the double-digit barrier on which it had settled in the last twelve months.
Specifically, according to data released…
Central Bank of Brazil will maintain rates until inflation is controlled
The Monetary Policy Committee of the Central Bank of Brazil has defended its intention to maintain interest rates at the current level of 13.75 % for as long as necessary to control prices, for which reason it has asked for "serenity and…
Entrepreneur bets $1 million that Bitcoin will rise sharply
American businessman and investor Balaji Srinivasan has bet that the American economy is on the verge of collapse and that Bitcoin will see a meteoric price rise in the next three months due to hyperinflation in the United States.…
Inflation in Brazil fell one tenth in February
The Consumer Price Index (CPI) in Brazil stood at 5.6 % year-on-year in February, a drop of more than one tenth compared to the data for January, according to the Brazilian Institute of Geography and Statistics (IBGE).
Thus, Brazilian…
Inflation continues to rise in Venezuela
As a result of the constant increase in the prices of goods and services, Venezuela could reach an inflation rate of 300 %.
Economists point out that the injection of millions of dollars into the banking sector by the Central Bank of…
Brazil’s economy grew 2.9% in 2022
The Brazilian Economic Activity Index (IBC) grew by 2.9 % in 2022, which is interpreted as the advance data of the Gross Domestic Product (GDP) of Brazil, which will be released in early March by the Brazilian Institute of Geography and…
Inflation in Ecuador falls six tenths in January
The Consumer Price Index (CPI) of Ecuador fell to 3.12 % year-on-year in January, which represents a drop of six tenths compared to the December figure, when it stood at 3.74 %.
Such a low figure has not been given since last April, when…