Inflation in Puerto Rico
Puerto Rico - InflationThe economy should have officially exited a six-year recession in FY 2019, which ended in June, as economic activity increased annually in each of the first 11 months of the fiscal year, although it decreased in June. The unemployment rate in FY 2019 also averaged notably below the rate recorded in FY 2018, while merchandise exports rebounded in FY 2019. Turning to FY 2020, early signs are mixed: On the one hand, the unemployment rate dropped to 7.0% in August, which represents a multi-decade low. On the other hand, economic activity in annual terms decreased in July and August. Meanwhile, the federal board that controls the government’s finances filed a long-awaited bankruptcy restructuring plan on 27 September that could cut the government’s debt by billions of U.S. dollars and could possibly allow Puerto Rico to regain its fiscal autonomy.
Puerto Rico - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.9||0.9||-0.3||-0.2||0.6|
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Puerto Rico Facts
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