UNIVERSIDAD NACIONAL DE PIURA

FACULTAD DE ECONOMÍA

INFLATION

Grupo 4
1. Prado Carreño Lander
2. Quispe Ascona Lishuer
3. Ramírez Miranda Adriana
4. Rumiche Jacinto Ana María
5. Socola Ramos Emerson Smith
6. Trelles Camacho Yesabella de Jesús
7. Yarleque Ortiz Angie Yessenia
8. Vilela Chero Yohana Marisol
In a scenario in which great challenges prevail for economic growth, it is
important to reflect on what progress is being made in economic and social
matters. According to figures from the Central Reserve Bank of Peru (BCRP),
between 2016 and 2019, real GDP grew at an average annual rate of 2.9%.
In 2021, the national GDP grew by 13.5% compared to what was registered in
2020; however, it is important to highlight that this would be largely due to a
statistical rebound, given the fall registered in the first year of the pandemic,
in which the GDP contracted by 11.1%, one of the largest contractions in its
history, as fall to S/ 486,402 million.

Trelles Camacho Yesabella de Jesús

On the other hand, the price index in 2016 registered a variation of 3.2%.
The following years remained within the target range, that is between 1% and
3%. However, in 2021, it stood at 6.4% the highest rate in thirteen years.
This was mainly explained by the increase in fuel and food prices with a high
imported content, as well as the depreciation of the sol

Socola Ramos Emerson Smith

In the case of public debt, this went from S/ 156,663 million in
2016 to S/ 314,867 million in 2021, and as a percentage of GDP it
grew by 12.2 percentage points (pp.) in the analysis period. Thus,
in 2021, public debt increased by 26.4% compared to that
registered the previous year, while as a percentage of GDP it was
1.3 pp. elderly.

Lishuer
According to Sunat figures, tax collection grew at an average
annual rate of 7% between 2016 and 2019. In 2021, it reached S/
118,775 million, 42.4% more than what was recorded in 2020. It
should be noted that this increase was driven for the taxes
obtained from mining, since the international prices of metals
increased.

Angie
On the other hand, public and private investment registered growth in
2021. The first was 33.2% more than in 2020, while the second increased
49% compared to the previous year, due to the fall in private investment
during 2020, due to the pandemic.

Johana Vilela
When analyzing the situation of the labor market in the country, hit hard in
2020 by the COVID-19 pandemic, it can be seen that the unemployment rate
in 2021 was 5.7%, an improvement of 1.7 %. compared to what was
registered in 2020. However, said result continues to be critical when
compared to years prior to the crisis, in which the unemployment rate did not
exceed 5%. On the other hand, the levels of multidimensional poverty in the
country are still high. Although this has decreased between 2016 and 2021,
in this last year it was 39.8%. Likewise, with respect to the education sector,
the illiteracy rate decreased by 0.7 %, going from 5.9% to 5.2% between
2016 and 2021. It should be noted that the Ministry of Education had the
objective of reducing said rate to 3.8% in 2021 , year of the bicentennial, a
goal that was not achieved.

Lander Prado Carreño

 How is progress going in 2022?

According to the BCRP, as of June 2022 there is a persistence of

supply shocks, due to the conflict between Russia and Ukraine,
high energy costs, bottlenecks in international trade and
confinements in China. In addition, global inflation continues an
upward trend and in Peru, in interannual terms, it stood at 8.1% in
May, the highest figure since June 1998.

Ana María
On the investment side, private investment grew by 0.8% in the first quarter
of 2022, compared to the same period in 2021, while public investment
registered a 13.7% drop in the same period. In addition, business
expectations indicators have shown a downward trend since the beginning of
this year, with a slight recovery in May. But with deteriorating business
confidence still in a pessimistic stretch after 14 months, private investment, a
major engine driving the economy, is not expected to grow at a similar rate to
previous years.

Adriana Ramírez Miranda