According to data published by the Department of Labor and Human Resources, inflation for the month of April stood at 6.1%, the highest figure in 14 years since October 2018. The rise is due to the increase in the price of gasoline (37.1%) and food, mainly oils (24.7%), meat, poultry, fish, eggs (11.2%) and cereals (8.5%). Prices have been affected by the Russian invasion of...Read More
Inflation for the month of April stood at 6.1%, the highest figure since October 2018, according to data from the Department of Labor and Human Resources. The rise is due to the increase in the price of gasoline (37.1%) and food, mainly oils (24.7%), meat, poultry, fish, eggs (11.2%), and cereals (8.5%). Prices have been affected by the Russian invasion of Ukraine, which has caused...Read More
The Purchasing Managers Index demonstrates the direction in which the manufacturing industry’s economy is moving. The PMI compares the current state of the manufacturing sector with the prior month. The neutral value is 50 indicates no change, a value less than 50 means that it’s contracting, and a value greater than 50 means that it’s growing. The PMI in March 2022 reached 63.6, a 9.8%...Read More
The Purchasing Managers Index demonstrates the direction in which the manufacturing industry’s economy is moving. The PMI compares the current state of the manufacturing sector with the prior month. The neutral value is 50 indicates no change, a value less than 50 means that it’s contracting, and a value greater than 50 means that it’s growing. The PMI in March 2022 reached 63.6, a 9.8%...Read More
Retail sales in February 2022 reached $2,670 millions , with a 2.5% over the year increase when compared to February 2021. When compared to February 2019 there is only a -1% difference, which shows that Puerto Rico’s retail sales are essentially back at the pre-pandemic level, despite the Omicron outbreak in early 2022. February 2022 registered the second highest amount of sales for the month...Read More
