The consumer price index (CPI) in June it registered a variation of 0.64% with respect to the previous month (May), which places the inflation accumulated between January and June at 4.96%, Y year-on-year inflation (compared to June 2021) at 9.48%.
The monthly report of the BCRD indicates that core inflation June had a monthly variation of 0.54%reaching an annualized growth of 7.11%which, according to the Central Bank, shows a decrease with respect to the rate of 7.29% for the month of May 2022.
The monetary and financial authority explains that underlying inflation is what isolates the behavior of certain foods with great variability in their prices, as well as fuels, services with regulated prices such as electricity rates, transport and alcoholic beverages and tobacco, with the aim of extracting clearer signals for the conduct of monetary policy.
Notes that the behavior of inflation domestically, as in the rest of the world’s economies, continues affected by external factors which have been more persistent than expected due to the duration of the Russia-Ukraine conflict, which has generated additional upward pressure on the prices of oil and other imported raw materials that are used as an input for local production.
Likewise, it points out that the international container shipping costs after the substantial increase registered in the period of the Covid-19 pandemic, as well as the persistence of other disruptions in the supply chains as a consequence of the limitations in the aggregate supply.
It stands out that, in addition to these external components, In recent months, internal pressures have begun to be verified to the extent that aggregate demand has recovered notably in relation to pre-pandemic levels and the rates of various services in the economy are adjusted.
