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
Puerto Rico’s Statistical Appendix of the Economic Report show’s a year over increment of 4.4% in its Gross Product, reaching $71,580.8 millions of dollars in 2021. Said increment rate was larger than 2019-2020’s year over year change, which pointed out a diminution in Puerto Rico’s Gross Product.Read More
Los principales indicadores macroeconómicos de la economía mundial parecen indicar que nos acercamos a una posible recesión global, marcada por la desaceleración de la economía de Estados Unidos, de Europa y cierta inestabilidad financiera en China. Ya la economía norteamericana (la principal del mundo) lleva dos trimestres en negativo. Por otro lado, el Euro y...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
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
When contrasting said figures to previous years, Production and Sales are higher than those of 2021. Specifically, Sales saw a 6% (69.7 pounds) increase when compared to those of August 2021. Meanwhile, Production saw a 35% increase (204 pounds). August Sales are also higher than those of 2019 by 210.5 pounds.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
