Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 22nd 2024 - 00:24 UTC

Tag: Inflation

  • Tuesday, March 5th 2024 - 10:41 UTC

    Brazil: Services sector driving prices upward, BCB President warns

    The BCB will pursue the inflation target to the letter but the market still expects it to be higher, Campos Neto pointed out

    Brazil's Central Bank (BCB) President Roberto Campos Neto said on Monday that inflation in South America's largest country was taking a turn in a “benign” direction, Agencia Brasil reported. In his view, the services sector requires the most attention because it has “started to put a bit of pressure” on prices.

  • Friday, February 9th 2024 - 10:47 UTC

    Brazil's CPI 0.42% up last month

    Airline tickets fell in January, which drove inflation downward

    According to Brazil's IBGE statistics bureau, inflation last month in South America's largest country reached 0.42% for an accumulated 4.51% year-on-year. These results were driven mainly by increases in the prices of food, Agencia Brasil explained. January's figures were lower than the 0.56% recorded by the Broad National Consumer Price Index (IPCA) in December.

  • Monday, February 5th 2024 - 10:42 UTC

    Argentina: Milei's passionate kiss on stage makes headlines

    Presidents are entitled to personal relationships

    Javier Milei made the headlines this weekend for his unpresidential kiss on stage with his romantic partner Fátima Florez at a Mar del Plata theater, where the entertainer was performing before celebrating her birthday.

  • Monday, February 5th 2024 - 10:23 UTC

    Argentine gov't sees inflation decelerating

    Milei “needs to have the political and economic tools” that will allow him to face “many problems,” including inflation, Zago explained

    Argentine President Javier Milei told the audience at his girlfriend's show at a Mar del Plata theater that “inflation has started to go down” and that the country “will soon move forward.” The head of state traveled on Saturday to the popular beach resort to be with Fátima Flórez during her birthday celebrations and returned to Buenos Aires on Sunday to make the arrangements for his trip abroad starting Monday.

  • Friday, January 19th 2024 - 10:10 UTC

    Paraguay's BCP confirms CPI in 2023 within target range

    Paraguay ranked behind Ecuador, Bolivia, and Peru

    Paraguay's Central Bank (BCP) Thursday released a report showing that the Consumer Price Index (CPI) for 2023 was 3.7%, making it the fourth lowest in South America in addition to falling within the target range (3.8%). It also meant a decrease from 2022's 8.1%.

  • Monday, January 15th 2024 - 10:10 UTC

    Where will the Global Economy land in 2024?

    Without structural reforms (which do not appear forthcoming), its growth potential will be below 4% in the next three years, falling closer to 3% by 2030.

    By Nouriel Roubini (*)

    Heading into 2024, most economists and market analysts have adopted a baseline scenario in which most major economies avoid both a recession and renewed inflation – the much-desired “soft landing.” But the current encouraging consensus could still be derailed by any number of factors, not least geopolitics.

  • Friday, January 12th 2024 - 10:34 UTC

    CPI goes up 25.5% in December in Argentina

    “We applied a much deeper adjustment plan than the one requested by the IMF,” Milei explained

    Argentina's National Institute of Statistics and Census (Indec) Thursday said the Consumer Price Index (CPI) for December 2023 went up by 25.5% for an interannual total of 211.4%, it was reported in Buenos Aires.

  • Monday, January 8th 2024 - 12:50 UTC

    Milei praises Minister Caputo and says 30% monthly inflation would be ”a great achievement”

    Some “useful idiots” focus on the forms when the country needs a rapid response, Milei insisted

    Argentine President Javier Milei praised Economy Minister Luis Toto Caputo for his management of the country's inflation for December 2023 and said that if it reached 30% it would be “a great number” because previous estimates spoke of 45%.

  • Monday, January 8th 2024 - 12:29 UTC

    Uruguayan authorities project 4.9% inflation for 2024

    The Committee bringing together the Economy Ministry and the Central Bank reviewed the evolution of inflation, the expectations of all economic operators, and the projections for the monetary policy

    Uruguayan authorities forecast a 4.9% inflation for 2024 while the target range will remain between 3 and 6%, the Macroeconomic Coordination Committee reported in Montevideo.

  • Friday, January 5th 2024 - 10:15 UTC

    Uruguay: Inflation within target for first time in many years

    “The CPI for December 2023 registered a monthly variation of -0.11%,” Uruguay's INE said in its report

    Inflation in Uruguay during the year 2023 amounted to 5.1%, it was reported in Montevideo. The South American country's lowest rate in 18 years was achieved mainly thanks to prices reasonably stable in household goods, transportation, and communications, it was explained by the National Institute of Statistics (INE). The Consumer Price Index (CPI) grew only 4.9% in 2005.