The forecast in the peruvian economy promises to establish itself, despite having ended a year full of uncertainty due to the political crisis, demonstrations, road blockades and riots. In this sense, stability and economic growth for the country look positive in 2023.
The latest BCR report indicates that the economic projection for this year will grow by 2.5% and will be driven by domestic consumption, especially with regard to the areas of entertainment and restaurants; Another sector that will also register growth will be the mining sector, with an increase of 5.5% of GDP.
“Compared to last year, the prices in the basic basket will no longer increase, this is also due to the fact that there is no longer a change in the constitution or the free market economic model that was uncertain with the previous government, which projects an increase in the private investment of 3% that will bring more job opportunities” commented the Mgtr. José de la Rosa Orderique Torres, professor at the Professional School of Economics at the César Vallejo University (UCV).
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According to the latest INEI publication, the prices of staple foods such as rice, sugar, oil, milk, among others, increased in value last year by up to 25%; Although this happened as a result of the pandemic and the conflict between Russia and Ukraine, the national crisis was also key in the increase in the price of products.
It is worth mentioning that the National Institute of Statistics and Informatics (INEI) reported that inflation in 2022 was 8.36%, being the highest in the last 26 years. The items with the highest economic growth were:
- Foods: Egg, sugar cereals and tubers with 15.21%.
- Transport: Fuel, road and local transport and spare parts with 11.30%.
- Restaurant: A la carte and menu dishes with 9.49%.
- Services: Water, electricity, gas, housing with 4.23%.
“The assumption of Dina Boluarte as president of the country has generated tranquility in the business sector and most of the citizenry. This was reflected with the 18% increase in consumption during these Christmas holidays compared to 2021. Definitely, the continuity of democracy and respect for the political constitution will allow efficient management of the economy.”concluded the specialist in Economics.
