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MercoPress, en Español

Montevideo, April 20th 2024 - 08:39 UTC

Tag: Indec index

  • Monday, March 18th 2024 - 10:35 UTC

    Argentines faring worse off under Milei

    Average salaries are not enough to purchase one basic food basket and Argentines are looking for second jobs to make ends meet

    Despite the apparent success of Argentine President Javier administration's policies to curb inflation, various reports last week showed plummetting figures regarding economic activity and welfare. To fight growing retail prices, the Libertarian Government authorized imports of yerba mate, dairy products, meat, rice, and even sugar.

  • Wednesday, March 13th 2024 - 10:29 UTC

    Argentina: Inflation in February reaches 13.2%, according to Indec

    Prices went up above inflation projections, Adorni said in a press conference. Retailers foresaw a catastrophe that did not happen, he added

    According to a report from Argentina's National Institute of Statistics and Census (Indec) released Tuesday in Buenos Aires, the South American country's Consumer Price Index (CPI) went up 13.2% in February of 2024 for a yoy total of 276% amid notorious declines in industry, construction, and consumption.

  • Monday, February 19th 2024 - 10:50 UTC

    Poverty on the rise in Argentina, Catholic University says

    “Structural poverty in Argentina is not new,” Salvia explained

    According to a study from the Argentine Catholic University (UCA) published during the weekend, poverty in the South American country has gone up from 44.7% to 57.4% of the population in little over two months since President Javier Milei took office.

  • Friday, October 13th 2023 - 08:49 UTC

    September's inflation hits new monthly ceilings in Argentina

    In the first nine months of the year, food rose 117.5%

    Argentina's National Institute of Statistics and Census (Indec) Thursday announced that the Consumer Price Index (CPI) went up 12.7% in September, thus hitting an all-time monthly high since 1991, it was reported in Buenos Aires.

  • Thursday, September 21st 2023 - 10:58 UTC

    Unemployment falls in Argentina in 2Q, Indec says

    In the first six months of 2023, Argentina's Gross Domestic Product (GDP) accumulated an inter-annual drop of 1.9%, Indec found

    Argentina's National Institute of Statistics and Census (Indec) released a report Wednesday showing that unemployment fell to 6.2% of the labor force in the second quarter of 2023, an improvement from the 6.9% recorded between January and March.

  • Thursday, June 15th 2023 - 09:01 UTC

    CPI officially 7.8% up during May in Argentina

    “If you do your shopping daily you know these numbers cannot be real,” a supermarket customer told MercoPress.

    Argentina's National Institute of Statistics and Census (Indec) Wednesday announced that the Consumer Price Index (CPI) for the month of May of 2023 was 7.8% for a total interannual of 114.2% and a 42.2% in the first five months of the year, 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.

  • Friday, March 31st 2023 - 09:31 UTC

    Argentina's poverty indexes on the rise

    According to Indec, 54.2% of people aged 0 to 14 live in poverty

    Argentina's National Institute of Statistics and Census (Indec) Thursday released a study showing that 39.2% of the South American country's economically active population was living in poverty in the second half of 2022, an increase from the 37.3% recorded during the same period of 2021

  • 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, 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%.

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