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Montevideo, September 30th 2023 - 09:14 UTC

Tag: Argentina Consumer Prices Index (IPC)

  • Friday, March 17th 2023 - 08:48 UTC

    BCRA adjusts benchmark interest rate: 78% annually

    It was the first monetary policy rate increase in 2023 and also since September last year

    Argentina's Central Bank (BCRA) Thursday decided to raise the benchmark interest rate by 300 basis points to 78% annually, it was announced in Buenos Aires the day after the INDEC said the Consumer Price Index for the month of February ad grew 6.6% for a year-on-year inflation of 102.5 %, the highest in the last 32 years.

  • Wednesday, July 18th 2018 - 07:38 UTC

    Argentina consumer prices rose 3.7% in June and reach 29.5% in twelve months

    June's figure led by increases in transport (5.9%), food and non-alcoholic beverages (5.2%) and healthcare (4.3%), means prices have risen 16% in 6 months

    Consumer prices rose 3.7% in June in Argentina, official data showed on Tuesday. That brought 12-month inflation to 29.5%, up from 26.3% in the 12 months through May, the INDEC national statistics bureau announced, which makes it the highest monthly recorded figure of the last two years.

  • Thursday, September 14th 2017 - 12:04 UTC

    Twelve-month Consumer prices in Argentina reach 22% in August

    Monthly inflation was primarily influenced by rising prices of health, housing, water, electricity, and fuels.

    Consumer prices rose 1.4% in Argentina in August, government statistics agency Indec announced, bringing eight-month inflation to 15.4%. The central bank is targeting national inflation between 12 and 17% for 2017, well below economists' expectations of 22%.

  • Thursday, June 16th 2016 - 08:08 UTC

    Argentina's revamped stats data launched: May inflation 4.2%

    “We are leaving a period where public confidence was destroyed and especially at Indec,” Mr. Todesca said Wednesday at a news conference.

    Argentina released inflation figures for the first time since December last year, when newly elected president Mauricio Macri suspended the publication of economic data and intervened the official stats office, Indec, following long standing claims of manipulation by his predecessor.

  • Thursday, January 14th 2016 - 06:42 UTC

    Argentina targets 25% inflation and fiscal deficit of 4.8% of GDP this year

    Argentina ended 2015 with an inflation of 28%, with the last three months reaching almost 30%, said minister Prat-Gay.

    Argentina Finance Minister Alfonso Prat Gay revealed on Wednesday that the fiscal deficit registered in 2015 was of 5.8% of GDP and 7.1% of GDP is all debts are computed, and complained that “there has been wasteful spending and when there is an expense it’s not well done.”

  • Friday, August 14th 2015 - 09:44 UTC

    Argentina: July inflation 1.92% and 27.15% annually says Congressional index

    “It is clear that contrary to government's efforts to hide reality, the inflation index continues to climb”, said Bullrich

    Argentina's July inflation for the private financial consultants climbed 1.92% and in the last twelve months reached 27.15%, according to the report released in Congress by opposition lawmakers. The so called 'congress index' is an average of the different private consultants which is released monthly by lawmakers to avoid fines and reprisals from government.

  • Thursday, July 16th 2015 - 08:05 UTC

    Argentina's June official Indec inflation, 1% and 15% in twelve months

    The Congress index released on Tuesday showed the CPI was up 1.53% and 27.9% in the last twelve months.

    Argentina's 'official' inflation during June was 1% over the previous month according to the National Statistics and Census Institute, Indec, while prices during the current calendar year prices have reached 6.7% and 15% over the last twelve months.

  • Friday, June 12th 2015 - 06:33 UTC

    Argentina's CPI in May reached 2% and 28.7% in the last twelve months

    “The presses were turned on again to print Pesos with the purpose of propping the economy and thus we're back again at the 2.12% of March”, said Bullrich

    Argentina's Consumer price index, CPI, during May climbed 2% reaching 28,7% in the last twelve months, according to the Congressional monthly report from opposition lawmakers, which is an average of private consultants. The data was released on Thursday with strong words against President Cristina Fernández statements in Rome that poverty in Argentina was 5%, virtually less than Denmark and Germany.

  • Monday, September 29th 2014 - 08:39 UTC

    Argentine stats on economic growth again come under suspicion

    Official Indec figures released last week showed GDP growing 0.9% in the second quarter, up from a contraction of 0.5% in the quarter before

    Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.

  • Saturday, June 7th 2014 - 04:48 UTC

    IMF welcomes Argentina's implementation of actions on CPI and GDP indexes

    Argentina must still implement actions previously specified for end-September 2014 and end-February 2015,

    The International Monetary Fund (FMI) welcomed on Friday “all the specified actions,” taken by Argentine President Cristina Fernández administration, to improve Consumer prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.

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