Tag: Argentina inflation

• Sunday, April 16th 2023 - 23:28 UTC

  Argentine Cabinet Chief admits war against inflation is being lost

  

  Argentina's Cabinet Chief Agustín Rossi admitted the administration of President Alberto Fernández was losing the battle with inflation. “We thought we were getting there, but we weren't,” Rossi was quoted as saying by local media. “Nobody can be happy, least of all us”, he added.

• Wednesday, February 15th 2023 - 09:38 UTC

  Inflation in Argentina reaches 6% in January

  

  Inflation in Argentina reached 6% in January of 2023, according to a report from the National Institute of Statistics and Census (Indec) released Tuesday, which also showed the interannual consumer price index went up 98.8%. It was the highest monthly rate since 1991 when it reached 84%.

• Friday, December 16th 2022 - 08:36 UTC

  Argentina's inflation for November set at 4.9%

  

  Argentina's Consumer Price Index (CPI) rose 4.9% in November for an accumulated 85.3% in the first eleven months of the year, according to a report released Thursday by the National Institute of Statistics and Census (Indec).

• Tuesday, November 22nd 2022 - 08:37 UTC

  Fourth Kirchner government climax, 12 month food inflation at 100%

  

  The basic food basket, CBA, in Ushuaia, Tierra del Fuego province, Argentina soared 9,5% during October while the overall food basket, CBT, 9%, according to the latest figures from Indec, the country's stats office. This is 50% higher than the inflation rate for the month of October which stood at 6,3%.

• Monday, August 22nd 2022 - 17:32 UTC

  Fuel goes up at pumps in Argentina, but below inflation

  

  Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.

• Thursday, August 18th 2022 - 09:02 UTC

  Argentine unions, social groups demand favorable gov't actions

  

  Argentine unionist groups and social organizations took over the streets of Buenos Aires Wednesday causing traffic jams during office hours as they protested against rising inflation and unemployment and the deterioration of living conditions in general under the administration of President Alberto Fernández.

• Monday, July 18th 2022 - 09:05 UTC

  Somber future ahead for Argentina's economy

  

  Foreign Analysts do not see a bright future ahead for Argentina's economy. While some place it among the countries most likely to default its debt, others fear it might not survive a new adjustment to the basic interest rates by the United States.

• Thursday, July 14th 2022 - 09:30 UTC

  Argentina reshapes taxation to make up for gap between official and “blue” dollar

  

  The Government of Argentina has adjusted the so-called PAIS tax from 35% to 45% as of Thursday to equate the exchange rate between the local currency and the US dollar to that existing in the unofficial “blue” market.

• Wednesday, April 27th 2022 - 21:20 UTC

  Argentina's fiscal reserves in doubt as inflationary recalculations needed

  

  International Monetary Fund (IMF) Director for the Western Hemisphere Ilan Goldfajn admitted inflation guidelines outlined in Argentina's recent agreement with the financial agency needed to be modified to reflect a steep variation in prices.

• Tuesday, October 12th 2021 - 22:15 UTC

  Argentine inflation is world's fourth highest, says IMF

  

  Argentina's inflation turned out to be the world's fourth-highest, according to the International Monetary Fund's (IMF) World Economic Outlook report released Tuesday in Washington.