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MercoPress, en Español

Montevideo, April 26th 2024 - 21:33 UTC

Tag: Inflation

  • Friday, April 21st 2023 - 10:08 UTC

    Except for Argentina, the ECLAC study highlights that in the region “inflationary pressures have slowed down”

    Except for Argentina, the ECLAC study highlights that in the region “inflationary pressures have slowed down.”

    According to an ECLAC (Economic Commission for Latin America and the Caribbean: an organization of the United Nations that supports trade and economic growth in Latin America and the Caribbean) study released Thursday, Latin America's growth for the year 20023 was forecast to be averaging 1.2%.

  • Thursday, April 20th 2023 - 10:23 UTC

    How far up did the US dollar go Wednesday against the Argentine peso?

    After six days of purchases, Argentina's Central Bank had to sell dollars to avoid a sharper increase in the “blue” rate

    Argentine Economy Minister Sergio Massa seems unable to find a way out of the country's current crisis. In this scenario, the “blue” dollar (a euphemism for “black market”) rose five more pesos Wednesday to close at AR$ 423 as the Central Bank (BCRA) ended with a negative balance of US$197 million, this bringing a streak of six positive rounds to an end. The country risk remained at 2,474 basis points, according to JP Morgan's index.

  • Wednesday, April 19th 2023 - 10:44 UTC

    What triggered a new “blue” dollar rise in Argentina?

    Aracre (right) turned in his resignation to defuse rumors and appease the markets

    Rumors about Economy Minister Sergio Massa's possible resignation, the “blue” (a euphemism for “black market”) US dollar rose again Tuesday against the Argentine peso. President Alberto Fernández was reported to have a name to replace Massa: that of his Chief Advisor Antonio Aracre, who turned in his resignation Tuesday afternoon in a move to appease the markets.

  • Wednesday, April 19th 2023 - 10:19 UTC

    UK twelve month inflation in March eases to 10,1%, but Food remains strong having risen 19,1%

    The Wednesday release was slightly above market expectations of 9.8% meaning the rate has remained above the 10% mark for a seventh consecutive period

    According to the Office for National Statistics, the consumer price inflation rate in the United Kingdom eased to 10.1% year-on-year in March 2023, down from 10.4% the month before.

  • Saturday, April 15th 2023 - 10:05 UTC

    Argentina: Inflation in March reaches 7.7%

    The average inflation was 7.7% but lettuce went up 58.5%

    Inflation for the month of March was reported to have reached 7.7% for a 104.3% interannual and 21.7% in the first quarter of 2023, the National Institute of Statistics and Censuses (Indec) said Friday. In February, the Consumer Price Index (CPI) rose by 6.6%.

  • Wednesday, April 12th 2023 - 09:05 UTC

    Brazilian inflation decelerates in March

    TVs, stereos, and computers fell in March

    Brazil's National Wide Consumer Price Index (IPCA), which measures the country's official inflation, reached 0.71% in March, decelerating in relation to February, when it was 0.84%, and reaching the lowest level since January 2021, it was announced Tuesday.

  • Saturday, April 8th 2023 - 10:13 UTC

    Argentina: inflation projections take turn for the worse

    The Central Bank's survey showed inflation will not fall below 6% monthly, at least until September

    Leading Argentine economists foresee the country's inflation in 2023 might reach 110%, a 10.2 % increase from previous projections, it was explained in Buenos Aires. The projection thus reached three digits for the first time since the REM was implemented.

  • Monday, March 27th 2023 - 10:20 UTC

    German Chancellor says “no reason to be concerned about Deutsche Bank”, system is stable and resilient

    Asked about the situation of the financial markets, chancellor Scholz said that the EU had been making the right decisions for years by imposing clear rules.

    German Chancellor Olaf Scholz said during an EU summit last Friday in Brussels that Europe's banking system is “stable” and “ solid”. The leaders of the Eurozone countries met with the head of the European Central Bank, ECB, Christine Lagarde, to discuss the potential fallsou of several major banks collapsing in the US and Switzerland.

  • Wednesday, March 22nd 2023 - 10:24 UTC

    Massa to announce new measures as Argentine peso sinks against US dollar

    Massa will tell businessmen over breakfast about the measures to be published in the Official Gazette

    With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.

  • Wednesday, March 15th 2023 - 10:50 UTC

    Argentina's interannual inflation reaches three digits

    The annual target of 60% for 2023 is beginning to look unattainable, Economy Ministry sources admitted

    Argentina's Consumer Price Index (CPI) for February of 2023 was reported to stand at 6.6%, according to the National Institute of Statistics and Census (Indec), which resulted in interannual inflation of 102.5%. In this scenario, Economy Ministry sources quoted by Buenos Aires media admitted the possibility of not meeting the 60% annual target outlined in the 2023 Budget.