Salaries in Argentine rose 6.5% on average in August 2022, the National Institute of Statistics and Census (Indec) reported Monday. According to these figures, incomes were below the 7% inflation rate for the same month.
Colombian President Gustavo Petro and his Venezuelan colleague Nicolás Maduro are to meet Tuesday in Caracas to discuss the evolution of bilateral ties after diplomatic relations between the two countries were restored following Petro's inauguration.
Brazil will need alternative wheat sources because Argentina, its traditional supplier, is facing a serious crop insufficiency as a result of a serious drought that has curtailed production and compromised export volumes. Market analysts expect Brazil will thus have to look for supplies in potential providers such as the United States, Canada and even Russia.
By Andrés Velasco – Several central banks that began raising interests well before US and Euro-zone policymakers are still facing persistent inflation. But it was the right choice, because inflation was always likely to prove stubborn in today’s conditions, and waiting would have required even larger hikes later, with a heavier output cost.
US President Joseph Biden Monday urged oil producers to stop war profiteering, after record gains amid rampant inflation and global crisis.
Paraguay's Central Bank lowered its inflation forecast for this year from 8.8% to 8.6%, it was reported Monday in Asunción. Meanwhile, Consumer Price Index (CPI) projections for 2023 remained unchanged from the BCP's previous outlook at 4.1%.