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inflation it began to decline in July, but remains high and continues to affect the economy of Peruvian families, reducing their purchasing power.
Only so far this year, until July, Peruvians have lost 5.6% of their purchasing power due to inflation, according to Phase Consultores, meaning their ability to spend on food and other basic products and services is not the same as last year.
“The loss of purchasing power until July indicates that in the case of the Metropolitan of Lima, only 94.5% of the basket that could be bought in December 2021 can be bought (CPI is an indicator that measures the change in prices of a basket of goods and services)″, commented Juan Carlos Odar, director of Phase Consultores, newspaper Gestión.
Economist warns this figure is more pronounced in juveniles incomewho spend most of their money on food.
It should be remembered that, according to the latest BCR inflation report, low-income families are more sensitive to changes in food prices. Households in the bottom two quintiles spent more than 50 surplus on food out of every S$100 they had.
Odar points out that only in the case basic grocery basket The purchasing power of families has fallen by more than 10% over the past year.
“Today, the ability to buy food has fallen by 13.5% if observed over twelve months, and if compared to December 2021 (accumulated so far this year), this drop is close to 10%. For example, for every kilogram of food X that was consumed in December, 900 grams can be consumed today for the same amount of money,” he said.
How much can Peruvians lose in 2022?
Taking into account other inflation data at the end of the year, Phase Consultores has calculated that Peruvians will lose 6.7% of their purchasing power by the end of the year.
At the same time, Odar points out that at the end of 2022. families they could only cover a little over 93% of the basic basket they bought a year ago.
He added that the provision of funds from AFP and CTS will help consumption dynamics, but this will not be sustainable, and Peruvians are expected to reduce spending on goods and services related to leisure or leisure, as well as non-essential goods.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.