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MercoPress, en Español

Montevideo, February 24th 2025 - 06:18 UTC

Tag: Inflation

  • Thursday, February 20th 2025 - 09:37 UTC

    Lula highlights Brazil's economic improvements

    Lula also underscored the nation's continued growth, controlled inflation, and living standards improvements

    Brazil's President Luiz Inácio Lula da Silva highlighted Wednesday that his country's economy has outperformed expectations in the past two years when it reached 3.2% in 2023 and 3.8% in 2024 amid projections of +0.8% and +2.5% respectively.

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  • Friday, February 14th 2025 - 10:37 UTC

    Argentina: Indec says January's inflation stood at 2.2%

    Milei's Libertarian government seeks to further reduce inflation through exchange rate control, wage policies, and fiscal anchors

    Argentina's inflation in January 2025 stood at 2.2%, down from 2.7% in December, the National Institute of Statistics and Census (Indec) said in a report released Thursday, which also showed yoy values of 84.5%. January's was the lowest Consumer Price Index (CPI) since July 2020 - 1.9% amid the Covid-19 pandemic - and also the best under Javier Milei, who took office on Dec. 10, 2023. The President's best previous CPI was in November 2024 at 2.4%.

  • Wednesday, January 22nd 2025 - 09:30 UTC

    Brazilian Central Bank report foresees 5.08% inflation for this year

    The Brazilian real is expected to grow against the US dollar in the coming years, the Focus Bulletin said

    The Focus Bulletin released earlier this week by Brazil's Central Bank (BCB) projected a 5.08% inflation for this year in South America's largest country. The new prediction represented a slight twitch from last week's 5% National Consumer Price Index (IPCA). Meanwhile, Brazil's Gross Domestic Product (GDP) - the sum of goods and services produced in the country - is expected to grow by 2.04% in 2025, a slight improvement from 2.02% the week before.

  • Wednesday, January 15th 2025 - 10:29 UTC

    Indec announces Argentina's inflation in 2024 reached 117.8%

    December's It was the lowest monthly rate since July 2020 amid strict Covid-19 lockdowns, when inflation reached 1.9%

    Argentina's Consumer Price Index (CPI) went up 2.7% in December 2024 for an accumulated 117.8% last year, the National Institute of Statistics and Census (Indec) said Tuesday in a report released in Buenos Aires. It was the lowest monthly rate since July 2020 amid strict Covid-19 lockdowns, when inflation reached 1.9%.

  • Tuesday, December 31st 2024 - 10:30 UTC

    After hectic month, Paraguay's yearly inflation barely above 2023's

    The BCP aims to reach a 3.5% inflation by 2026

    Paraguay's Consumer Price Index (CPI) grew 0.7% this month, which represented a setback from 0.3% in the same month last year. Nevertheless, Asunción confirmed closing 2024 with a 3.8% inflation, barely over 2023's 3.7%, according to the Central Bank (BCP), and therefore within the target range of 4%, it was explained Monday. On a brighter note, core inflation stood at 0.3% in December for a yearly variation of 3.4%, which meant progress from the 3.6% registered in 2023.

  • Tuesday, December 24th 2024 - 10:31 UTC

    Uruguay's BCU ups basic interest rate

    Uruguay's core inflation was above target for two months in a row, the BCU warned

    Uruguay's Central Bank (BCU) Monetary Policy Committee decided Monday to raise the TPM benchmark interest rate from 8.5% to 8.75% in a move to make inflation and expectations “meet” at 4.5% annually over the last 24 months. It was the first twitch to the TPM since April when it was cut from from 9%.

  • Saturday, December 21st 2024 - 10:55 UTC

    Indec says Argentina's economy contracted 2.7% through October

    Milei says the recession is over

    A report released Friday by Argentina's National Institute of Statistics and Census (Indec) showed that the country's economic activity fell by 0.7% in October for an accumulated 2.7% interannual contraction in the first ten months of 2024, driven particularly by fishing (-49.9%) and construction (-14.5%) amid President Javier Milei's austerity plans which included halting all public works.

  • Wednesday, December 11th 2024 - 10:46 UTC

    Brazil's inflation slows down, IBGE announces

    Over the past 12 months, official inflation reached 4.87%, exceeding the government's target, the IBGE warned

    The Broad National Consumer Price Index (IPCA) in South America's largest country stood at 0.39% in November, according to the Institute of Geography and Statistics (IBGE) survey released Tuesday, Agencia Brasil reported. The new figures represented a slowdown from October's 0.56%, which “does not indicate a drop in prices but rather a slower pace of increases” as food items kept driving the IPCA upwards.

  • Friday, November 1st 2024 - 10:55 UTC

    Wages in Uruguay grow 6.95% year-on-year, although real wages fall in September

    Inflation deducted, salaries posted a 0.31% setback

    According to a report from Uruguay National Statistics Institute (INE) released Thursday in Montevideo, wages grew 6.95% in the last twelve months. The Average Wage Index (AWI) had a monthly variation of 0.07% in September for a 6.13% accumulated so far in 2024. In terms of categories, the private sector grew the most, with 7.20%, while the public sector showed an increase of 6.50%.

  • Friday, October 18th 2024 - 09:35 UTC

    Indec: Argentina's wholesale inflation up 2% last month

    Milei said on X that his government was “taming” inflation

    Argentina's National Institute of Statistics and Census (Indec) released a study Thursday according to which wholesale prices went up only 2% last month, it was reported in Buenos Aires. President Javier Milei celebrated the news and praised Economy Minister Luis Toto Caputo for it.

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