Argentina's Consumer Price Index (CPI-Cost of living) rose 4.8% during March, 1.2 percentage points above February's 3.6%, the National Institute of Statistics and Censuses (INDEC) announced Thursday.
While inflation grows rampant and people lose some or all of their income in the middle of the coronavirus restrictions, Argentina's National Institute of Statistics and Census (INDEC) Thursday released a new economic report which showed positive figures.
Argentina’s economic activity was down 10% during 2020 after falling 2.2% in December versus a year earlier, but better than the average fall analysts forecasted and that the initial government projections.
Inflation in Argentina ended 2019 at 53.8%, the highest figure since 1991 when the peso was pegged to the US dollar, data institute Indec said on Wednesday. Indec said the cost of living increased by 3.7% in December alone.
Argentina’s unemployment rate rose to 9.7% in the third quarter versus 9.0% in the same period last year, marking one of the highest rates recorded in recent years, the official INDEC statistics agency said.
Argentines ever so suspicious of their currency and so fully confident in the all mighty US dollar, they have some US$ 322 billion hidden in the “mattress”, which means mostly overseas in bonds, shares, real estate, according to the latest figures released by the country's stats office, Indec.
Argentina consumer prices rose 5.9% in September, the country’s statistics agency said on Wednesday, the sharpest jump in a year amid a flaring economic crisis in Latin America’s no. 3 economy. That brought year-to-date inflation to 37.7%, the National Institute of Statistics and Censuses (INDEC) said, while rolling 12-month inflation was running at 53.5%.
Industrial activity in Argentina dropped 6.4% during August compared to a year ago and 2.8% over last July, totalling a slide of 8.1% so far this year, according to the official stats office, Indec.
Unemployment in Argentina reached 10.6% in the second quarter of 2019, the highest ever since President Mauricio Macri took office in December, 2015, according to data released Thursday by the National Institute of Statistics and Census (INDEC).
Effective this Thursday, the government of Argentina agreed to defreeze the price of fuel and thus authorize a 4 percent increase after yielding to pressure from province governors and oil companies as the barrel of crude also goes up globally.