In a forum held by the Venezuelan Finance Observatory, with the participation of specialists and academics, the economic scenario for the country in 2025 was analyzed, with projections of a scenario marked by inflation and the exchange rate.
The specialists "agreed that 2025 will be a complicated…
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purchasing power
Cost of the food basket in May reached USD 547.13
The Cendas-FVM data placed the price of the basic basket at USD 547.13 for the month of May and the basic basket, USD 1,163.12.
According to its director, Óscar Meza, the increase in the price of food affects the purchasing power of the…
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…
Minimum wage increase in Venezuela could be in stages
The working groups on the increase in the minimum wage in Venezuela continue to work. A new proposal envisages an increase in stages, which includes first taking the current salary from 130 bolivars to 600, in November of this year taking…
Argentina will increase electricity tariffs
The Government of Argentina announced an increase in electricity tariffs that will take effect in April. The main objective is to “normalize the electricity sector” and promote the efficient use of energy in the South American country.…
Mexico’s inflation remains on an upward trend
Mexico maintains inflation with an upward trend, located at 4.9 %, according to the National Consumer Price Index.
The organization's report indicates that the increase in the inflation rate has been maintained for three fortnights, with…
Inflation in Venezuela climbs to 6.7 % monthly but year-on-year falls to 362 %
The National Consumer Price Index (INPC) of Venezuela registered a slight increase in October of seven tenths, reaching 6.7 % monthly, while the year-on-year figure fell to 362 %, compared to the year-on-year inflation of 396 % registered…
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…
Argentina faces inflation with a new 2,000-peso bill
Argentina will put into circulation in the middle of this year the new 2,000-peso bill, which will become the highest denomination. The purpose is to face the high inflation that overwhelms the nation.
In December 2022, Argentina closed…
Germany could enter a technical recession
Inflation and the energy crisis slowed down the German economy in the fourth quarter of 2022, which could lead to a recession in the first months of the new year, according to data from the Federal Statistical Office released on Monday.…
ECB forecasts “very strong” growth in wages in coming quarters
Wage growth in the coming quarters will be "very strong" compared to historical patterns in the eurozone, according to economists from the European Central Bank (ECB) in an article in the latest bulletin of the institution. In the document,…