Displaying items by tag: inflation

Friday, 12 January 2024 17:40

Currencies rise after U.S. inflation

Latin American currencies mostly rose, following inflation in the United States.

Published in Economy
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Price inflation in El Salvador remains with an annual margin of 2.11%, which is 5.22 percentage points less than the one registered in 2022 that stood at 7.32%. This implies a lower price compared to last year.

Published in Economy

In the modern economy, the prices of goods purchased daily or of services used tend to change with some frequency. Inflation refers to the increase in the prices of goods and services over a period, or in other words, the decrease in the value of money with respect to the amount of goods and services to be purchased with it.

Published in Economy
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Grupo Promerica, through its executive director and chief business officer, Ramiro Ortiz Gurdián, participated in the conference entitled Financial Perspectives of Banking in the Region for 2024, an event held as part of the celebration of the 16th anniversary of El Economista Magazine, in El Salvador.

Published in Technology
Thursday, 12 October 2023 16:34

Inflation outlook remains high according to IMF

Near-term inflation expectations rose sharply in many economies amid the post-pandemic economic recovery and large cost shocks in 2022 (from surprise energy and commodity price hikes and supply chain disruptions).

Published in Finances

Inflation basically makes people realize that money doesn't work the way it used to. This affects housewives, employees and businesses. Moreover, it affects those who have less money and access to financial services.

Published in Economy

Information from the most recent month of World Bank data available (between january 2023 and april 2023) points to high inflation in most low- and middle-income countries, with levels above 5% in 70.6% of low-income countries, 81.4% of lower middle-income countries, and 84% of upper middle-income countries.

Published in Economy

Latin America and the Caribbean (LAC) has been one of the regions hardest hit by the global crises , according to the World Bank.

Published in Finances

According to the most recent edition of the World Bank's Commodity Markets Outlook, the pace of decline in global commodity prices this year is expected to be the fastest since the onset of the COVID-19 pandemic.

Published in Economy

The president of the Centro para la Defensa del Consumidor (CDC), Danilo Pérez, stated that inflation, since the increase began to be perceived until march of this year, has affected the population's pocket by an estimated US$50 per month.

Published in Finances
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