Displaying items by tag: increase
The Consejo Salvadoreño del Café (CSC), informed that Arabica coffee prices rose yesterday monday in a volatile session. Despite negative factors on the supply side, there is support from speculative buying.
The Ministerio de Economía (MINEC), informs salvadorans the reference prices of fuels that will be in effect from january 24 to february 6, 2023.
Inversiones Energéticas (INE), informed through its Twitter account that in 2022 the generation of electric energy increased by 56% compared to the previous year. Due to the fact that they injected to the salvadoran electric system a total of 106,718 MWh, being of great importance during peak demand hours.
The Banco Central de Reserva (BCR), shows in its macroeconomic data that the Producer Price Index (PPI), for december 2022 was 128.78 with a monthly variation of 0.27% resulting from the increase in prices in eight of the thirteen sections that comprise the main indicator, accommodation and services activities.
The President of the Banco Central de Reserva (BCR), Douglas Rodriguez, explained in a morning interview that in January 2023 pensioners will see reflected in their savings account the payment of the 30% increase, a reform that was approved in december 2022.
In recent days salvadorans have reported a high increase in the prices of some dairy products, for example: the cost per pound of soft hard cheese which used to be US$2.60 to US$2.80 and now is between US$3.70 and US$4.00.
According to the International Air Transport Association (IATA), by 2023, total airline revenues could increase to an estimated 93% of the pre-pandemic level, driven by a recovery in passenger traffic.
The Ad Hoc Commission issued favorable opinions to the Law for the creation of the del Instituto Salvadoreño de Pensiones (ISP) and the Special Law for the Issuance of Pension Obligations Certificates and Dissolution of the Fideicomiso de Obligaciones Previsionales (FOP).
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.
In a context of weak economic recovery, Latin America and the Caribbean received US$142 million in Foreign Direct Investment (IED) in 2021, 40.7% more than in 2020, but this growth was not enough to reach pre-pandemic levels, the Economic Commission for Latin America and the Caribbean (ECLAC) reported today through a press release that reports the main conclusions of the annual report Foreign Direct Investment in Latin America and the Caribbean 2022.