According to the latest data released by the Department of Labor in Puerto Rico, the inflation rate in the country increased by 5.1% year-over-year in March 2023. All categories experienced some level of inflation during this period, with Food and Beverages experiencing the highest inflation rate of 10.1%. This increase was likely due to the...Read More
According to recent data on retail sales in Puerto Rico, the island’s economy is showing signs of recovery as sales have increased by 4.8% from February 2022 to February 2023. This positive trend is a result of increased consumer spending, particularly in the categories of Department Stores, Electronic Articles Stores, and Hardware and Home Improvement....Read More
According to recent data, Puerto Rico saw a slight increase in employment rates across various industries in March 2023. The total employment rate reached 943.7 thousand, which is a slight increase from the previous month’s rate of 942.6 thousand. The mining, logging, and construction industry showed an increase in employment with 35.4 thousand workers in...Read More
The Economic Development Bank Economic Activity Index (EDB-EAI) for Puerto Rico saw a decline of 0.8% during the fiscal year 2021, which runs from July to June. However, the index rebounded in fiscal year 2022, growing by 4.9%. Similarly, the calendar year 2021 closed with an increase of 4.9%, while a preliminary estimate for calendar...Read More
The Puerto Rico real estate market has continued to show resilience in the face of the pandemic, with both new and used housing units seeing a steady rise in sales and total sales amount over the past two years. The data from January 2021 to February 2023 shows a consistent trend of growth, even during...Read More
The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.5 percent in January on a seasonally adjusted basis, after a 0.1 percent increase in December, according to the US Bureau of Labor Statistics. The all-items index increased by 6.4 percent over the past 12 months before seasonal adjustment. The rise in all items...Read More
La tasa de inflación de diciembre de 2022 mostró un aumento significativo de 6.0% en comparación con el mismo período del año anterior. Al mirar a lo largo del tiempo, la tasa de inflación en la Isla parece estar desacelerándose, lo que puede sugerir que volverá a niveles normales en el futuro próximo. Este aumento...Read More
The inflation rate for December 2022 showed a significant increase of 6.0% compared to the same period in the previous year. When looking over time, The inflation rate on the Island seems to be slowing down, which may suggest that it will return to normal levels in the coming future. This increase was seen across...Read More
Cada cuatrienio se lleva a cabo la competencia más importante del fútbol, “La Copa Mundial”. El país anfitrión este año, Qatar, ha invertido sobre $220 billones en el evento. Esto es casi 60 veces más de lo que costo para el mundial en el año 2010 celebrado en Sudáfrica ($3.5 billones). A pesar de la emoción que...Read More
During these times the prices of goods and services have seen a substantial hike over the past months not only in the United States, but also in Puerto Rico. However, inflationary phenomenon only describes the prices of the item’s consumers buy but does not tell if these economic effects take a toll in their cost...Read More
