Inflation in Puerto Rico
Puerto Rico - InflationThe economy is firmly on the road to recovery after devastating hurricanes likely precipitated the largest economic contraction in decades in fiscal year 2018, which ran from July 2017 to June 2018. In December, economic activity rose at a blistering pace, although this was down from the series-high growth rate recorded for November, according to the Economic Development Bank of Puerto Rico. This latest outturn coincided with an upsurge in electric power generation, strong growth in cement sales and a small uptick in non-farm employment. On the political front, the U.S. Department of Housing and Urban Development recently approved the Commonwealth government’s latest fiscal plan, paving the way for an additional USD 8.2 billion in federal aid.
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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