The Warehouse Center updated that inflation in May was 9.57%
This is indicated by the Economic and Social Report that it produces every month. It means a price rise of 43.30% so far this year.
The Total Basic Basket, which determines the poverty line for a family of four, stood at $231,403. On the other hand, the same family model needed $127,587 to overcome the poverty line.
The foods that increased the most during May were sugar (46%), butter (25.35%), salt crackers (24%), cornmeal (22%) and sunflower oil (20%) .
The report also reveals that 46.9% of the households consulted could not access the total Basic Food Basket during May.
You may also like
As the cost of capital climbs, pursuing growth transforms into something far more nuanced than…
Released in December 1997, James Cameron’s Titanic emerged as not just a box office juggernaut…
Hard-to-abate industries such as cement, steel, chemicals, refining, and heavy transport account for a large…
Switzerland’s international financial and trading hubs have traditionally served as powerhouses for banking, wealth management,…
A slower-growth environment is characterized by modest demand expansion, cautious consumer spending, tighter capital markets,…
Cybersecurity threats have shifted from being a technical concern to a central business risk. As…