New car sales in Puerto Rico for the month of September 2022 totaled 8,076 units. This represents a 15.61% or 1,494unit decrease in market sales when compared to September 2021’s total units sold. When compared to August 2022’s total units sold the difference accounted for 19.49% or 1,955 fewer units sold. Seeing as how the...Read More
Source: Puerto Rico’s Trade and Export Company Retail Sales for the month of July 2022 reached $3.3million. When compared to July 2021’s total retail sales figure, this represents a 0.6% diminution. When compared to June 2022, there is a 0.3% decrease shown in retail sales. This represents the third year-over-year reduction in the retail sector....Read More
Source: Department of Labor and Human Resources Consumer Price Index (CPI) in Puerto Rico for the month of August 2022 reached 130.46, which translates to a 6.5% inflation in prices for all items. Said inflation rates were mainly impulsed by changes in the following industries: Transportation with a 10.8% inflation, Food and Beverages with a...Read More
Puerto Rico’s Planning Board published the Statistical Appendix for 2021’s Fiscal Year yesterday, September 29, 2022. Said report showed that, contrary to the projections made by the Planning Board itself, Gross National Product grew by 1 % for 2021. This growth is greatly due to), the increase in total personal consumption expenditures by 19.0%, the...Read More
In an attempt to increase investment incentives and with it, stimulate the economic growth of the World’s 6th biggest economy, the United Kingdom’s Prime Minister, Liz Truss, signed off on a £45bn tax-cutting package. Measures such as this one are considered to be controversial and bold actions, especially given the current precarious state of the...Read More
Total Employment in Puerto Rico for the month of August 2022 is estimated to be at 1,098,000. This, in comparison to August 2021’s employment numbers, shows a 2.04% increase and a 0.73% increase when compared to July 2022’s total employment estimation. As for total unemployment during August 2022, it reached 70,000, which translates to an...Read More
CategoriesQ2-2021Q1 – 2022Q2 – 2022%Change Month-over-month%Change year-over-yearCost of Living Index98.9100.299.7-0.500.81Cost of Living Index Grocery Items120.4120.6119.9-0.58-0.42Cost of Living Index Healthcare66.971.972.10.287.77Cost of Living Index Housing77.37776.5-0.65-1.03Cost of Living Index Miscellaneous Goods and Services96.698.798.3-0.411.76Cost of Living Index Transportation93.488.888.3-0.56-5.46Cost of Living Index Utilities161.3161.1160.6-0.31-0.43 Source: Puerto Rico’s Statistics’ Institute Puerto Rico’s Cost of Living Index [1]for 2022’s second quarter reached 99.7....Read More
Housing Activity in Puerto Rico saw a diminution this past June 2022, seeing as the number reported for total housing units sold was 1,030. This, compared to June 2021, shows that 39 fewer units were sold, meaning a decrease of 3.65% in units sold. When compared to the previous month of May, there was a...Read More
US Inflation saw a second consecutive decrease in its year-over-year price inflation, reaching an 8.3% inflation for August 2022. This is despite having the largest recorded increase since 1979 (13.5%) for the food index. As for changes in comparison to the previous month, there was a 0.1% increase reflected in the consumer price index. Said...Read More
The month of August saw an overall increase in both Cement Sales and Production with a total of 1,328.6 pounds sold and 789 pounds produced. These figures from Puerto Rico’s Economic Development Bank represent the highest of 2022, barring June of the same year. Compared to July 2022, Cement Sales saw a 19% increase (212.4...Read More
