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MercoPress, en Español

Montevideo, May 21st 2024 - 12:42 UTC

Tag: Inflation

  • Tuesday, January 2nd 2024 - 10:00 UTC

    Low food prices and high interest rates behind Brazil's waning inflation

    Braz fears that if the government is unable to meet its budget target in 2024, a devaluation of the real might ensue

    After Brazil's statistics bureau IBGE (Brazilian Institute of Geography and Statistics) released the inflation for 2023 in the South American country (4.72%), Agencia Brasil delved into the possible reasons behind this achievement and determined that low food prices and high interest rates played a significant role.

  • Friday, December 29th 2023 - 10:55 UTC

    Paraguay's BCP meets inflation target for 2023

    For next year, the BCP also foresees inflation around 4%, Mora pointed out

    Paraguay's Central Bank (BCP) confirmed Thursday in Asunción that after 2 years of overshooting the target, inflation in 2023 resulted according to plan. After the Consumer Price Index (CPI) exceeded 6% in 2021 and 2022, it ended at 3.7% in 2023. The BCP had set a 4% cap for the current exercise and could thus herald hopeful expectations for the year ahead.

  • Tuesday, December 26th 2023 - 10:44 UTC

    Argentina's BCRA planning larger-denomination bills

    Large wads of AR$ 1,000 bills are commonplace in today's Argentina

    Argentina's Central Bank (BCRA) is entertaining the possibility of issuing AR$ 20,000 and 50,000 bills in a move to keep up with inflation and eliminate the need for large wads of banknotes for nearly every cash transaction.

  • Friday, December 22nd 2023 - 10:28 UTC

    Argentina makes payment to IMF through CAF loan

    Argentina is said to be looking at fewer surcharges from the IMF next year

    Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.

  • Friday, December 15th 2023 - 10:55 UTC

    Argentina: Inflation is 1% daily, Caputo says

    Argentina needs an orthodox fiscal policy, Caputo explained

    Argentine Economy Minister Luis Toto Caputo said Thursday that inflation in his country stood already at 1% per day and insisted that measures were being taken to get out of this “financial catastrophe” through a classic orthodox stabilization plan. “We are in that process, but we are very confident,” he stressed.

  • Thursday, December 14th 2023 - 10:09 UTC

    Argentina: CPI 12.8% up in November and 160.9% YoY

    JP Morgan foresees a slow recovery next year

    Argentina's National Institute of Statistics and Census (Indec) released a report Wednesday stating that the Consumer Price Index (CPI) for November 2023 went up 12.% for a total of 148.2% so far this year and an interannual increase of 160.9%. November's figures represented a strong jump from October's 8.3%.

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Tuesday, November 14th 2023 - 09:19 UTC

    Argentina's monthly inflation back to one-digit figures

    The latest Indec data was released less than a week before the presidential runoff between Milei and Massa

    Argentina's National Institute of Statistics and Census (Indec) announced Monday in Buenos Aires that October's Consumer Price Index (CPI) stood at 8.3% for a 142.7% year-on-year. These results showed a return to one-digit monthly inflation after 12.7% in September and 12.4% in August for an accumulated 120% in the first ten months of 2023, Indec also noted.

  • Friday, November 3rd 2023 - 08:59 UTC

    Paraguay just one notch short of Fitch's investment grade

    Inflation has fallen dramatically this year in Paraguay, Fitch also noted

    Paraguay was given a BB+ rating in Fitch's latest report, which is one step away from investment grade. Although in Asunción the South American country's Economy Ministry highlighted the achievement, the agency also warned about challenges in terms of credibility.

  • Friday, October 6th 2023 - 10:50 UTC

    Argentina not to pay IMF maturities until after the elections

    Inflation in Argentina “is expected to reach 120% year-on-year by the end of 2023,” the IMF said

    Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.