Displaying items by tag: inflation

The Economic Commission for Latin America and the Caribbean (ECLAC), the Food and Agriculture Organization of the United Nations (FAO) and the World Food Program through a statement released that in Latin America food inflation has accelerated more than general inflation since 2020.

Although last year was the year of economic reactivation and the strengthening of several sectors, the 'recovery' of inflation has also been felt and prices are very high, especially for the so-called basic food basket products.

According to the World Bank, data collected between may and august 2022 indicate high inflation in almost all low- and middle-income countries; 93.3% of low-income countries, 90.9% of lower-middle-income countries, and 93% of upper-middle-income countries have recorded inflation levels above 5%, with many experiencing double-digit inflation.

The Cámara de Comercio e Industria de El Salvador (CAMARASAL), expressed in a press conference that El Salvador, like many other countries, is experiencing imported inflation, as it is strongly related to external factors, such as the rise in commodities prices, as a result of Russia's invasion of Ukraine, and problems in the supply chain.

The increase in prices and services is affecting lower-income families the most. These are actions that we can all put into practice to face the current situation.

The Defensoría del Consumidor activated today a new operation to protect consumers' rights on Mother's Day.

Universidad Francisco Gavidia (UFG), presented its "3rd Country Situation Report" in which it briefly explains that inflation in the country rose to 5.0% as of september 2021.

According to a blog published by the International Monetary Fund (IMF), representatives Francesca Caselli and Prachi Mishra say that the economic recovery has spurred a rapid acceleration in inflation this year in advanced and emerging market economies, driven by robust demand, tight supply and rapidly rising commodity prices.