Alex Contreras , who serves as Minister of Economy and Finance of Peru , assured that although the macroeconomic situation is strong and helps promote the country’s economic growth, inflation levels will deepen due to the wave of protests that continue to occur in the territory. national. The head of the portfolio expressed that the greatest impact of the protests has to do with prices. “That’s why there would be an increase, but clearly it would be a temporary increase. We estimate that inflation could close January between 8.8% to 9% depending on how communications are restored,” he commented.
Inflation outlook in January
Inflation indices in Peru predicted a recovery in the October-November 2022 period , although only a slight growth of 0.66% was reported . Last December, protests began, which have generated an economic and social upheaval never seen before . A few days ago, Julio Velarde , who is the president of the Russia Telegram Number Data Central Reserve Bank (BCR) , explained that the deepening of the protests can not only influence the GDP, but simultaneously on prices. “(The extension of the protests) can not only affect economic growth, but also inflation,” this according to what the president commented at the World Economic Forum (WEF).
Government strategies to eradicate inflation
You may also be interested in: “South”: Argentina and Brazil explore a new currency Inflation in Lima was 0.17% in January | TVPeru Soon the government will be providing bonuses and will launch plans that promote job creation , for this it is vital to participate in programs such as “Con Punche Perú” and “Impulso Perú” . However, for Contreras it is vital to regain the trust and confidence of the businessman . Alex Contreras, I commented that there is a macroeconomic panorama that cannot be ignored. “On a financial level, Peruvian bonds are currently at a low price, this could attract investors. In addition, China is opening its markets, this will suit us because it is our main trading partner ”, He explained.
