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Montevideo, September 20th 2018 - 22:26 UTC

Tag: Indec index

  • Saturday, August 18th 2018 - 07:00 UTC

    Macri anticipates more Argentines will fall into poverty this year

    “This devaluation brought a rebound in inflation, and inflation is the largest driver of poverty, and regrettably, we are going to lose some of the gains”, Macri said

    More Argentines are likely living in poverty now compared with last year, President Mauricio Macri said on Friday, as the country's economy slides toward recession following a currency crisis and a severe drought that harmed farm output.

  • Thursday, August 2nd 2018 - 07:24 UTC

    Macri admits annual inflation will reach 30%, “product of this storm”

    Macri advised Argentines to “take care of themselves, look and compare” prices when they shop for groceries and other items

    Argentina's President Mauricio Macri is acknowledging for the first time that the country's annual inflation rate will be 30%. Macri said Tuesday that the high consumer prices “unfortunately are a product of this storm.” He was referring to a sharp devaluation of Argentina's currency and a recent run on the Peso.

  • Wednesday, July 25th 2018 - 05:36 UTC

    Argentina's stats office data reveals recession is round the corner

    May's 5.8% monthly decline, sharpest since July 2009, was mostly caused by Argentina's worst drought in decades, which harmed soybean and corn crops

    Argentina's economy shrank 5.8% in May versus the same month last year, government statistics agency Indec said on Tuesday, the second straight month of declines in a sign of looming recession and a possible GDP contraction in 2018.

  • Wednesday, July 18th 2018 - 07:38 UTC

    Argentina consumer prices rose 3.7% in June and reach 29.5% in twelve months

    June's figure led by increases in transport (5.9%), food and non-alcoholic beverages (5.2%) and healthcare (4.3%), means prices have risen 16% in 6 months

    Consumer prices rose 3.7% in June in Argentina, official data showed on Tuesday. That brought 12-month inflation to 29.5%, up from 26.3% in the 12 months through May, the INDEC national statistics bureau announced, which makes it the highest monthly recorded figure of the last two years.

  • Tuesday, March 6th 2018 - 09:31 UTC

    Argentine seafood exports in 2017 totaled 475,591 tons and US$ 1,8bn

    Shrimp and squid catches contributed the most to last year's figures. However fish sales decreased in volume and in value

    Argentine seafood exports grew by almost 7% in volume and around 16% in dollar value during 2017, according to the final figures published by the Under-secretariat of Fisheries in its latest Report. Data from the Economics Department, based on information from INDEC shows that fisheries exports totaled US$ 1,978bn, a 16.4% higher compared to 2016, while the volume was up 6.9% to 475,591 tons.

  • Sunday, September 3rd 2017 - 01:35 UTC

    Argentine economy picking up spurred by manufacturing and construction

    Economic activity in June rose 0.3% compared with May, Indec said. The economy grew a cumulative 1.6% in the first half of the year

    Argentina's economic activity expanded 4.0% in June compared with the same period the prior year, government statistics agency Indec said on Thursday, the latest sign of economic recovery ahead of legislative elections in October.

  • Wednesday, May 24th 2017 - 09:06 UTC

    Argentina economy grows 0.8% in March from a year earlier

    The Argentine economy grew 1.9% in March versus February, Indec said.

    Argentina's economy grew 0.8% in March from a year earlier, the Indec statistics agency said on Tuesday. The economy also grew 1.9% in March versus February, Indec said.On Tuesday the Argentines central bank also kept its benchmark interest rate at 26.25% and said it believes the country's inflation rate is easing in May.

  • Thursday, May 11th 2017 - 12:07 UTC

    Argentina's 12-month inflation through April was 27.5%

    Clothing prices rose 5.1% in April, while housing and basic services were up 4.6%, Indec said. Consumer prices rose 9.1% overall in the first four months of the year.

    Argentina's statistics agency Indec, said on Wednesday 12-month inflation through April was 27.5%, the first time it has published 12-month inflation since President Mauricio Macri took office in December 2015 and revamped data calculations. Indec said April inflation was 2.6%, above median analyst expectations for a consumer price increase of 2.1 percent.

  • Wednesday, March 29th 2017 - 10:25 UTC

    Argentina's economic activity up 1.1% year to year in January

    Argentina's economy grew 0.1% in the third quarter and 0.5% in the fourth quarter, emerging from a sharp recession in the first half.

    Argentina's economic activity grew in January year to year. Economic activity was 1.1% percent higher in January than twelve months before, the first year-on-year growth since last March, according to the latest release from the revamped stats office, Indec.

  • Wednesday, March 29th 2017 - 10:15 UTC

    It's official: 12.7 million Argentines live in poverty, 30.3% of the population

    At the end of 2016, a family of four needed 13.155 Pesos (approx. US$ 870) a month to purchase the Total Basic Basket to remain above poverty line

    Argentina's official poverty index in the second half of 2016 dropped to 30.3%, an estimated 12.7 million people, from 32.2% in the first half according to the country's stats office Indec. The 30.3% index includes 6.1% of indigence, which is also below the 6.3% of the first half. The drop means that 800.000 people are no longer in the poverty category index.

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