Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion. Compared to January 2021, sales increased by $103 million, or 4%. Compared to January 2020, sales increased by $200 million, or 8%. The categories with the largest year over year percentage increases were special food stores (53.9%), fuel distributors (33.6%), and electronics and appliance stores (25.9%). The largest...Read More
The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021, this is an increase of 4.7%. This is the largest...Read More
The Puerto Rico Tourism Company’s monthly report showed a total of 147,763 hotel registrations for the month of January 2022. Compared to January 20021, this was an increase of 34,500 registrations (30.5%). However, compared to January 2020, there were 27,326 fewer registrations, a decrease of 15.6%. After seeing a high number of registrations during the summer of 2021, a similar increase was expected for December...Read More
Sales in January (millions of $)2020202120222021-2022 ChangeSupermarkets$ 339$ 343$ 39014%Pharmacies$ 82$ 179$ 20414%Restaurants$ 159$ 161$ 15414%Gas Stations & Convenience Stores$ 177$ 126$ 1314%Department Stores$ 717$ 848$ 8996%Total Retail Sales$ 2,467$ 2,563$ 2,6674% Source: Puerto Rico Economic Development Department Retail sales in Puerto Rico for the month of January 2022 reached a total of $2.667 billion. Compared to January 2021, sales increased by $103 million, or...Read More
The Puerto Rico Labor Department has released the Consumer Price Index (CPI) for the month of February 2022. This index is the main indicator for price changes on the island. Year over year change in this index is referred to as the island’s inflation rate. The index stood at 125.38 in February. Compared to 2021, this is an increase of 4.7%. This is the largest...Read More
