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MercoPress, en Español

Montevideo, October 2nd 2023 - 01:37 UTC

Tag: Inflation

  • Thursday, September 14th 2023 - 10:15 UTC

    Argentina: August's inflation hits 12.4%

    Massa criticized the IMF's “inflationary and contractionary” recipes

    Argentina's National Institute of Statistics and Census (Indec) announced Wednesday that inflation for the month of August had reached 12.4% for a total of 124.4% in the last 12 months. The highest monthly rate in over 32 years came after the Aug. 14 devaluation of the Argentine peso. So far in 2023, the Consumer Price Index has accumulated an increase of 80.2%.

  • Wednesday, August 23rd 2023 - 10:55 UTC

    Argentina: Sharp drop in mass consumption reported

    Wholesale prices outpaced inflation in July

    Private studies released Tuesday in Buenos Aires showed a 16.1% drop in mass consumption in the first week of August, which further aggravated July's 15.8%, the Buenos Aires daily La Prensa reported.

  • Wednesday, August 16th 2023 - 11:48 UTC

    Argentina: July's inflation reported at 6.3%

    According to Indec, salaries in June narrowly beat inflation

    Argentina's National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.

  • Friday, August 11th 2023 - 17:37 UTC

    Inflation in US remains stubborn with 3,2% in twelve months to July

    The US Federal Reserve has raised its benchmark interest rate to more than 5.25% - the highest level in 22 years - in a bid to cool the economy and ease prices

    The rate of inflation in the United States was 3.2% over the year to July, driven by higher housing, car insurance and food costs, the Labor Department said. That was up from 3% in June, which was the lowest rate in more than two years.

  • Wednesday, August 9th 2023 - 03:15 UTC

    UK food prices are slowing; 'cautious optimism' from British Retail Consortium

    Clothing and footwear were among the beneficiaries during July as retailers “mitigated wet weather” with larger discounts

    New figures suggest food United Kingdom price inflation has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall. According to the British Retail Consortium (BRC) and NielsenIQ retail analysts, food inflation slowed to 13.4% in July. It was 14.6% in June. But overall, shop prices are still 7.6% higher this July than a year ago.

  • Monday, August 7th 2023 - 10:16 UTC

    Retail sales keep plunging in Argentina

    “Inflation is hitting consumption in all areas of the economy except in the pharmaceutical sector,” CAME said

    Argentina's Confederation of Medium-Sized Companies (CAME) said in a report released Sunday that retail sales dropped 3.6% interannually in July for a total 1.6% reduction so far in 2023 as “inflation is hitting consumption in all areas of the economy except in the pharmaceutical sector.”

  • Tuesday, August 1st 2023 - 18:48 UTC

    Euro Zone inflation down to 5,3% in July, helped by lower energy prices

    The lower July rate is largely down to sinking energy prices, which sank by 6.1%, according to Eurostat

    Inflation in the Euro-zone fell to 5.3% in July, down almost a percentage point from May, the EU statistics agency Eurostat said on Monday. in June the rate of inflation was 5,5% as compared with 6.1% in May.

  • Tuesday, August 1st 2023 - 18:46 UTC

    Retail prices outlook in the UK improving, but not out of the woods yet

    Price inflation in the UK has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall

    Outlook for retail prices in the United Kingdom improving. New figures suggest food price inflation in the UK has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall. According to the British Retail Consortium (BRC) and NielsenIQ retail analysts, food inflation slowed to 13.4% in July. It was 14.6% in June.

  • Friday, July 14th 2023 - 10:19 UTC

    Argentina: “Blue” dollar keeps soaring, June's inflation 6%

    The highest increase this year was in Communications (10.5%), as a result of the increase in telephone and Internet services

    The “blue” (a euphemism for “black market”) dollar hit another record Thursday in Argentina, closing at AR$ 512 / US$ 1, for a total increase of AR$ 166 so far this year which represented a 48% rise since closing 2022 at AR$ 346, it was reported in Buenos Aires. The gap between the informal dollar and the official exchange rate stands at 93.7%.

  • Wednesday, July 12th 2023 - 20:39 UTC

    Brazilian June inflation reaches record low; interest rate fall anticipated in August

    The annual inflation rate is now below the bank’s 3.25% target for this year while underlying measures of inflation also saw drops on the month.

    Brazil’s annual inflation released on Tuesday showed consumer prices rose 3,16% year to year, down from 3,94% in May. This means annual inflation has dropped from the 12,13% peak in 2022 clearing the way for the central bank to begin cutting interest rates at its next meeting.

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