The United States experienced its largest increase in year-over-year inflation in three years in May, reaching 4.2 %.

According to analysts, “this spike is in line with market expectations, which anticipated the continuation of an upward trend driven by higher energy prices due to the war in Iran.”

In May, energy prices rose 3.9 %. Furthermore, “inflation in energy products accounted for more than 60 % of the overall monthly increase.” Meanwhile, year-over-year, food prices increased by 3.1 %.

Core inflation — which excludes the impact of volatile energy and food prices — rose to 2.9 % year-on-year last month, slightly above April’s 2.8 %.

M.Pino

Source: elconfidencial

(Reference image source: Hobi industri on Unsplash)

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La entrada US inflation rises 4.2 % in May apareció primero en Bitfinance.

The sustained slowdown in the Consumer Price Index (CPI) in Venezuela supports the recent statement by the president of the Central Bank of Venezuela (BCV), Luis Pérez, regarding single-digit inflation starting in May.

The sustained slowdown in the CPI has allowed the strengthening of purchasing power and economic predictability.

Pérez emphasized in an official statement that “the stabilization of the foreign exchange market has been the fundamental anchor for this achievement. Thanks to a plan that includes a foreign exchange intervention of more than $1.35 billion for the month of May, the central bank guarantees the necessary fluidity and lubrication for the national productive sector.”

Pérez underscored that Venezuela is currently positioned as the fastest-growing economy in Latin America this year, and cited projections from several international organizations: ECLAC places Venezuela’s growth at 6.5 %; the UNDP forecasts a GDP increase of 7.4 %; and the International Monetary Fund estimates growth of 4 % for 2026 and up to 6 % for 2027.

M.Pino

Source: ultimasnoticias

(Reference image source: file)

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La entrada Venezuelan central bank projects single-digit inflation starting in May apareció primero en Bitfinance.