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...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...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...Read More
Bankruptcies in March 2023 totaled 389 filings, a decrease of -6.04% compared to March 2022. Chapter 7 filings totaled 125, a decrease of -64.9%; Chapter 13 filings totaled 261, a decrease of -56.3%; Chapter 11 filings totaled 3, a decrease of -57.1%; and a total...Read More
According to the Bureau of Labor Statistics, the CPI, which measures the price of a basket of goods and services, in the US for March 2023 reduced to 5%, the slowest pace for price increases since April 2021, when they first began to climb. This...Read More
