Tag: Inflation

• Tuesday, March 22nd 2011 - 08:10 UTC

  In twelve Argentine provinces inflation is two times and a half the official index

  

  Several Argentine provinces mistrustful of government statistics, particularly inflation have mounted their own offices which show that consumer prices in the last twelve months have soared on average 27.5%, which is almost two and a half times the official index applicable to Buenos Aires City and Buenos Aires province

• Saturday, March 19th 2011 - 07:22 UTC

  Inflation alarm-bells in Uruguay as consumer prices rise sharply in Jan-Feb

  

  Uruguay's central bank must act swiftly after a surge in consumer prices during the first two months of the year or the economy could suffer “serious problems,” a recognized research company has warned.

• Wednesday, March 16th 2011 - 05:10 UTC

  February inflation in Argentina, 0.7%; private estimates double that percentage

  

  Inflation in Argentina advanced 0.7% in February over the previous month pushed mainly by increases in the clothing sector (2.2%) and leisure activities (3.5%), according to the official Indec National Statistics Bureau. During the first two months of the year, the consumer prices index accumulated 1.5%.

• Tuesday, March 15th 2011 - 05:32 UTC

  Corruption and inflation, main challenges to social stability admits China

  

  Premier Wen Jiabao said on Monday China would pursue political reforms only in a “gradual” manner and within the umbrella of one-party rule, even as he ruled out the likelihood of the recent West Asian uprisings having any impact on China.

• Thursday, March 10th 2011 - 20:16 UTC

  Brazilian markets expect further tightening to bring inflation to target

  

  Brazil's central bank said Thursday it remained cautious about the outlook for prices due to uncertainties in the global economy, and hinted that more than just interest rates may be needed to bring inflation back into line with targets.

• Saturday, March 5th 2011 - 06:55 UTC

  Chinese congress targets social stability; admits inflation and corruption

  

  China must ensure social stability by reducing inflation and corruption, Premier Wen Jiabao has told the parliament's annual session. Mr Wen has been addressing about 3,000 delegates to open the National People's Congress in the Great Hall of the People in Beijing.

• Tuesday, March 1st 2011 - 00:07 UTC

  China lowers annual economic growth target from 7.5% to 7%

  

  China's Prime Minister Wen Jiabao says China is lowering its annual economic growth target from 7.5% to 7% and is determined to contain soaring prices. He was speaking in a question and answer session with internet users in what has become an annual online chat. Mr Wen said China needed to ensure that growth was sustainable.

• Monday, February 28th 2011 - 06:50 UTC

  Mercosur central bankers warn task ahead has become “more complicated”

  

  Mercosur central banks’ presidents meeting in Peru last Friday agreed that the task ahead has become ‘more complicated’ because of growing inflationary pressures triggered by soaring food and oil prices.

• Monday, February 28th 2011 - 06:32 UTC

  Inflation challenges Brazil; tighter monetary measures anticipated

  

  Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.

• Wednesday, February 16th 2011 - 22:34 UTC

  Trichet blames Euro-zone inflation spike on emerging economies rapid recovery

  

  The European Central Bank is not surrendering its price stability objective for crisis management policy, the bank's President Jean-Claude Trichet said. He also argued that the recent spike in Euro zone inflation is due to the current rapid economic recovery in emerging markets and not due to the currency bloc's sovereign debt crisis.