Inflation, plus a scarcity in raw materials, has led to increasing prices on some goods. #NewsismyBusiness
Energy costs, persisting worker shortage and Puerto Rico’s tax load are the three main concerns.
Gov. Pedro Pierluisi announced he will submit a bill to the Legislature that would introduce a cost-of-living adjustment to Puerto Rico’s Internal Revenue Code to increase tax benefits and offset the effects of inflation on individuals. “The COVID-19 pandemic and other global factors have contributed to the increase in the cost of living for Puerto […]
We need to let go of limiting money beliefs and create the habits to succeed.
The Puerto Rico Economic Development Bank’s (EDB, in Spanish) Center for Economic Studies confirmed in a report that the inflationary outlook in the US mainland is consistent with the increase in prices perceived by local consumers. During a news conference, EDB President Luis Alemañy said from the lowest point recorded in June last year (-1.7%), […]
As May rolls out, and June approaches, all the meteorological and emergency management pundits start their media tours to forewarn everyone on getting prepared for hurricane season, which will last up until November. The warnings become full campaigns, which will flood the airwaves and the social media environment hoping that preparations will somehow reduce the […]
The fear of an inflationary wave in the United States has implications for Puerto Rico, precisely because the island’s prices are largely determined by what happens stateside. Puerto Rico’s inflation rate has been rebounding since October 2020, although during the first quarter of 2021, the Consumer Price Index (CPI) remained at a rate slightly below […]
Puerto Rico’s economy is predicted to have a base scenario of 0.5% real Gross National Product growth in Fiscal 2019 with a slight growth of 0.8% in Fiscal 2020, according to a forecast published by economic analysis firm H. Calero Consulting. In its latest edition of its “Pulse” publication, the firm says, however, that the […]
Two significant problems Puerto Rico is currently dealing with — a significant migration and a government cash crunch — will limit economic growth for at least five years, local economist firm H. Calero Consulting concluded in the most recent edition of its “Pulse” publication.
The implementation of a value-added tax system in Puerto Rico to replace the current sales tax structure could have a number of consequences — from uncertainty to high inflation to lower than expected fiscal revenue — that have yet to be publicly discussed, economist firm H. Calero Consulting said in its most recent “Economic Pulse” publication.
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