Day: September 14, 2020

4% average monthly inflation forecast for the rest of the year

Inflation rates averaged 2% per month between April and July due to measures taken by the government to contain price increases due to the pandemic. However, as the consulting firm Ecolatina warns, inflationary pressures will reappear in the coming months, and it projects an acceleration in the rise of the CPI, which would close the year just below 39%, with an average of 4% per month in the last four months.

Cost of cargo transportation rose 5.1% in August

Driven by the cost of personnel and the increase in diesel fuel, which make up more than two-thirds of the cost structure, the price of freight recorded a rise of 5.1% in August. Although it was the highest increase of the year, transportation costs accumulated a 32% increase in the last 12 months, a figure significantly below that shown in the accumulated 2019 (47%) and 2018 (61%).