By

Chantal Benet
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...
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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...
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New car unit sales for the month of April 2022 totaled 10,833, only 19 units more (0.2%) compared to April 2021. This slight increase comes after falling 4.4% in the March due to inventory challenges. Compared to April 2019, sales are up 47.4%. In the first four months of the year, sales are 0.9% above...
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New car unit sales for the month of April 2022 totaled 10,833, only 19 units more (0.2%) compared to April 2021. This slight increase comes after falling 4.4% in March due to inventory challenges. Compared to April 2019, sales are up 47.4%. In the first four months of the year, sales are 0.9% above the...
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Inflation in the United States exceeds expectations and increases the pressure on the Fed for new increases in the interest rate. Consumer prices rose 0.3% in April compared to March and an accumulating rise of 8.3% compared to April 2021. However, the data for April was above the 0.2% expected by the market for the...
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The Bureau of Labor Statistics published last week new reports for wages nationwide and in Puerto Rico. Average hourly wages for 2021 were $10.93hr, an increase of 2.9% compared to the previous year. Total Nonfarm Payroll also increased to 843,810 wage workers according to the BLS. When analyzed by occupation, those in Life, Physical, and...
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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...
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board, blackboard, business-1193333.jpg
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...
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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...
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taxi, nyc, new york-1574278.jpg
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...
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