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Montevideo, April 21st 2024 - 20:09 UTC

Tag: Argentina inflation

  • Saturday, March 23rd 2024 - 14:36 UTC

    The Economist, “After 100 brutal days, Javier Milei has markets believing”

    President Milei fighting with the sawmill and the blender (Pic AFP)

    “We are genuinely very satisfied,” declared President Javier Milei of Argentina on local radio, after inflation in February fell by more than expected, to 13%. That, however, is the monthly figure. Over the past year it has amounted to 276%—the highest in the world. Inflation of just 8% annually has rattled politics in richer countries.

  • Monday, August 28th 2023 - 11:29 UTC

    IMF report on Argentina calls for further expenditure control

    Argentina's mining exports in 2023 might grow up to fivefold, the IMF forecast

    The latest International Monetary Fund (IMF) report on Argentina highlighted that the targets for reserve accumulation, fiscal deficit, and monetary financing of the deficit were missed “by wide margins.” As a result, imbalances have increased, so “further expenditure control will be needed throughout the election period.” The 1.9% GDP fiscal deficit target remained unchanged.

  • Saturday, August 19th 2023 - 09:21 UTC

    Massa clinches deal to curb price hikes

    The cost of the devaluation cannot be paid by the people, Massa argued

    Argentine Economy Minister and presidential hopeful Sergio Massa Friday announced an agreement with most leading supermarket chains and wholesalers for 90 days, during which prices will remain frozen in principle for some 52,300 mass consumption products and increases will be capped at 5% per month, it was reported in Buenos Aires.

  • Sunday, April 16th 2023 - 23:28 UTC

    Argentine Cabinet Chief admits war against inflation is being lost

    If the opposition wins this year's elections it would mean more inflation and poverty, Rossi said

    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

    Projections for February and March have a floor of 6%, it was reported

    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%

    November's CPI was also the lowest since the 4.7% recorded in February

    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%

    In the 12 months to October the Basic Food Basket inflation climbed 100,8% and 93,1% for the Total Food Basket

    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

    YPF vowed to keep monitoring all the variables involved in the formation of the price of fuel

    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

    Protests will continue if they do not stop taking the food plates off the people's tables, Moyano warned (Pic NA)

    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

    The worst can be avoided “if world markets calm down and the IMF steps in with its support,” a Reuters report pointed out

    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.