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MercoPress, en Español

Montevideo, May 21st 2024 - 12:46 UTC

Tag: Inflation

  • 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.

  • Thursday, March 9th 2023 - 10:20 UTC

    Chile shows negative inflation in February

    Central Bank President Rosanna Costa said the economy was taking longer to cool down

    Chile recorded a 0.1% decrease in its Consumer Price Index (CPI) for the month of February of 2023 for an interannual 11.9% increase, the National Statistics Institute (INE) reported in Santiago Wednesday. It was the first negative monthly variation since November 2020.

  • Tuesday, February 14th 2023 - 10:33 UTC

    January inflation in Argentine higher than expected

    Many measures adopted by Economy Minister Sergio Massa are backfiring ahead of this year's presidential elections

    Argentine authorities are admitting that inflation in January of 2023 was “high” and that in that scenario meeting the targets agreed upon with the International Monetary Fund (IMF) will not be easy. At the same time, Economy Ministry teams were reported to be planning new batches of measures to reverse the negative impact of prices going up, it was reported in Buenos Aires.

  • Tuesday, February 14th 2023 - 10:05 UTC

    Chilean Central Bank, “still too early to consider cuts to borrowing costs”

    Prices rose 0.8% from the month prior, more than all estimates in a market survey that had a 0.5% median forecast

    Chile’s annual inflation eased to 12,3% in January, but consumer prices rose well above forecast in the first month of 2023 January as the costs of food and beverages jumped, strengthening the central bank’s argument that it’s still too early to consider cuts to borrowing costs.

  • Saturday, February 11th 2023 - 15:46 UTC

    “Tight money ahead for months to come”, anticipates the UD Fed unpleased with inflation

    Waller said the Fed needs to maintain its current plan of action, which has seen eight interest rate hikes since March 2022.

    The United States Federal Reserve is not satisfied with the evolution of inflation in the country and has warned the fight is not over, and could possibly result in higher interest rates that those markets are anticipating and despite of growing fears they could lead to a recession.

  • Sunday, February 5th 2023 - 09:25 UTC

    BCRA's REM report forecasts 2023 inflation in Argentina will reach 97.6%

    The new inflationary projections would mean a 0.8% improvement from 2022's figures but still one of the worst in the world

    With a Consumer Price Index (CPI) for January 2023 expected at 5.6%, Argentina's Central Bank (BCRA) issued a report Friday forecasting that inflation for the entire year would be 97.6% while the country's Gross Domestic Product (the sum of all services and goods traded) will only grow by 0.5%.