Imports restrictions imposed this week by the Argentine government with the purpose of “preserving the re-industrialization process” cover approximately 200 products totalling annual imports of a billion US dollars, according to preliminary reports.
A majority of Argentines, 74%, believes that inflation is harming their finances and a similar percentage, 74%, considers the administration of President Cristina Fernandez de Kirchner is hardly interested in the issue, according to a public opinion poll published Sunday in Buenos Aires La Nacion.
The head of Argentina’ powerful Business Leaders Association (ADE) urged the government to “stop denying inflation” and rejected the notion that businessmen are responsible for price hikes.
Argentina's current account balance--the broadest measure of a country's transactions with the rest of the world—posted a 900 million US dollars surplus in the third quarter, but was down slightly from expectations and the performance from a quarter earlier.
Argentina has 40.09 million inhabitants, up 10.6% from the 2001 figure of 36.2 million, according to preliminary results from the 2010 National Census of Population, Households and Homes released on Friday.
International Monetary Fund (IMF) will continue collaborating with Argentina national statistics bureau, Indec, in order to create a price index with stronger credibility, the spokeswoman of the organization, Caroline Atkinson, assured in Washington.
The International Monetary Fund confirmed Argentina’s request for technical assistance on the elaboration of a Consumer Price Index (CPI). In a statement release by Nicolas Eyzaguirre, Director of the Western Hemisphere Department added “we are currently in contact with the authorities on planning the missions”.
Argentina’s Economy minister Amado Boudou announced Tuesday that the President Cristina Fernández de Kirchner's administration is to request aid from the International Monetary Fund to help with a new price index.
Argentina's economy activity expanded strongly in September but at a slower pace than in previous months, according to a Friday release from the country’s Statistics Office, Indec.
Fissures inside the Argentine cabinet are surfacing and refer to one of the most irritating issues for the administration of President Cristina Fernandez de Kirchner: inflation or no inflation.