In January, inflation accelerated to a 11.1%, up from December’s 11.0%. The pickup was chiefly driven by brisker price increases for housing and utilities. In FY 2023, price pressures are set to intensify, on average, from the last fiscal year. Energy price spikes and prices for other commodities are factors to watch.
Puerto Rico Inflation (CPI, ann. var. %, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, eop) | 1.9 | 1.0 | 0.7 | -1.7 | 2.7 |