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Wednesday, December 7, 2022

(HCP): Inflation Continues its Upward Trend in Q1-22

The upward trend in consumer prices, observed in the fourth quarter of 2021, accelerated in the first quarter of 2022, according to the High Commission for Planning (HCP).

“In annual variation, consumer prices would have evolved at a pace not reached since 2008, showing an increase of 3.6%, instead of 0.1% during the same period of 2021,” says the HCP in an economic outlook report.

This acceleration would have been mainly due to the surge in food prices of +5.3%, explains the same source which reports the situation of the main economic indicators observed for the fourth quarter of 2021, estimated for the first quarter of 2022 and provides the forecasts for the second quarter.

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