In Puerto Rico, the Consumer Price Index (CPI) stood at 124.581 in March 2022, an increase of 5.1% compared to March 2021. This is the largest year over year increase seen in the CPI since May 2008, when it increased by 4.8%. This is the 21st consecutive month with an increase relative to the previous month. The CPI rose 0.8% between February and March, the...Read More
In Puerto Rico, the Consumer Price Index (CPI) stood at 124.581 in March 2022, an increase of 5.1% compared to March 2021. This is the largest year over year increase seen in the CPI since May 2008, when it increased by 4.8%. This is the 21st consecutive month with an increase relative to the previous month. The CPI rose 0.8% between February and March, the...Read More
The US economy shrank at a 1.4% annual rate last quarter despite solid spending by consumers and businesses. This is the first contraction since the early days of the pandemic. This is also the first advance estimate so we will likely have a revised number in the following weeks. Source: BEA The expectation for growth was low, at 1% but this wasn’t expected. There...Read More
The US economy shrank at a 1.4% annual rate last quarter despite solid spending by consumers and businesses. This is the first contraction since the early days of the pandemic. This is also the first advance estimate so we will likely have a revised number in the following weeks. Source: BEA The expectation for growth was low, at 1% but this wasn’t expected. There...Read More
With the objective to contain inflation, the United States Federal Reserve raised interest rates by 0.5 points, leaving them between 0.75% and 1%. It is the second increase this year, they had already raised rates 25 basis points in March, and this is the largest increase in 22 years. The challenge for the Federal Reserve is to keep raising rates to contain inflation without triggering...Read More
