Tag: Argentina inflationArgentina inflation
Argentines are expecting an inflation of 34.2% in the coming twelve months according to the average from a monthly report released by a prestigious private university research centre based on surveys,
Argentine president Cristina Fernandez announced the government is prepared to make imports more flexible in those areas where a few companies have a quasi-monopoly control, but also warned about windfall profiteering.
Argentines expect inflation to reach 33.5% in the next twelve months, according to the latest report from the Finance Research Centre, CIF, which belongs to the Torcuato Di Tella University. This is half a percentage point higher than the previous release.
Two-digit inflation in Argentina has reached 90 consecutive months, according to economist Carlos Melconian who added that since 2001 the prices’ increase in the country has averaged 500%.
Official inflation in Argentina increased 1.1% in January compared to the previous month, Indec national statistics bureau reported on Friday. The hike in prices was led by transport as train and bus fares increased by 6.1%. The annualized rate jumped to 11.1%.
Argentina’s inflation last January was the highest in twenty two months, 2.58%, according to the average of private estimates which are banned from making public their findings, but which are released by the Congressional Freedom of Expression Committee.
A third of Argentines have difficulties to face monthly costs because of inflation and lagging salaries, and 11% admit to “many difficulties” according to the latest Poliarquía public opinion poll released this week.
Argentina's 12-month inflation expectations slid in October for the first time in eight months, according to the median estimate in a survey published by the Torcuato Di Tella University, UTDT.
Official inflation in Argentina reached 0.9% in September against August, accumulating 7.8% in the first nine months of this year and 10% in the year, according to the Indec national statistics bureau.
Former Economy Minister Domingo Cavallo assured that Argentina’s current problems are much more serious, than back in 2001 since nowadays “people are desperate because they want to preserve the value of their savings and the Government does not allow them to do so”.