MercoPress, en Español

Montevideo, March 26th 2023 - 12:23 UTC

Tag: Inflation

  • Wednesday, March 22nd 2023 - 10:24 UTC

    Massa to announce new measures as Argentine peso sinks against US dollar

    Massa will tell businessmen over breakfast about the measures to be published in the Official Gazette

    With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.

  • Wednesday, March 15th 2023 - 10:50 UTC

    Argentina's interannual inflation reaches three digits

    The annual target of 60% for 2023 is beginning to look unattainable, Economy Ministry sources admitted

    Argentina's Consumer Price Index (CPI) for February of 2023 was reported to stand at 6.6%, according to the National Institute of Statistics and Census (Indec), which resulted in interannual inflation of 102.5%. In this scenario, Economy Ministry sources quoted by Buenos Aires media admitted the possibility of not meeting the 60% annual target outlined in the 2023 Budget.

  • Thursday, March 9th 2023 - 10:20 UTC

    Chile shows negative inflation in February

    Central Bank President Rosanna Costa said the economy was taking longer to cool down

    Chile recorded a 0.1% decrease in its Consumer Price Index (CPI) for the month of February of 2023 for an interannual 11.9% increase, the National Statistics Institute (INE) reported in Santiago Wednesday. It was the first negative monthly variation since November 2020.

  • Tuesday, February 14th 2023 - 10:33 UTC

    January inflation in Argentine higher than expected

    Many measures adopted by Economy Minister Sergio Massa are backfiring ahead of this year's presidential elections

    Argentine authorities are admitting that inflation in January of 2023 was “high” and that in that scenario meeting the targets agreed upon with the International Monetary Fund (IMF) will not be easy. At the same time, Economy Ministry teams were reported to be planning new batches of measures to reverse the negative impact of prices going up, it was reported in Buenos Aires.

  • Tuesday, February 14th 2023 - 10:05 UTC

    Chilean Central Bank, “still too early to consider cuts to borrowing costs”

    Prices rose 0.8% from the month prior, more than all estimates in a market survey that had a 0.5% median forecast

    Chile’s annual inflation eased to 12,3% in January, but consumer prices rose well above forecast in the first month of 2023 January as the costs of food and beverages jumped, strengthening the central bank’s argument that it’s still too early to consider cuts to borrowing costs.

  • Saturday, February 11th 2023 - 15:46 UTC

    “Tight money ahead for months to come”, anticipates the UD Fed unpleased with inflation

    Waller said the Fed needs to maintain its current plan of action, which has seen eight interest rate hikes since March 2022.

    The United States Federal Reserve is not satisfied with the evolution of inflation in the country and has warned the fight is not over, and could possibly result in higher interest rates that those markets are anticipating and despite of growing fears they could lead to a recession.

  • Sunday, February 5th 2023 - 09:25 UTC

    BCRA's REM report forecasts 2023 inflation in Argentina will reach 97.6%

    The new inflationary projections would mean a 0.8% improvement from 2022's figures but still one of the worst in the world

    With a Consumer Price Index (CPI) for January 2023 expected at 5.6%, Argentina's Central Bank (BCRA) issued a report Friday forecasting that inflation for the entire year would be 97.6% while the country's Gross Domestic Product (the sum of all services and goods traded) will only grow by 0.5%.

  • Friday, February 3rd 2023 - 10:20 UTC

    Aggressive ECB takes basic rate to 2,5%, anticipates another increase in March

    Euro zone inflation fell for the third straight month in January, flash figures published Wednesday showed, but headline inflation remained high at 8.5%

    The European Central Bank increased its basic interest rate 50 basis point to 2,5% and anticipated it intended to hike by another 50 basis points in March. The move follows four hikes in 2022 which brought euro zone rates out of negative territory for the first time since 2014.

  • Friday, January 13th 2023 - 10:09 UTC

    Argentina's inflation for 2022 reported at 94.8%

    Wages have lagged considerably against inflation, sinking scores of Argentines into poverty

    Argentina's inflation for the year 2022 has been reported to stand at 94.8%, the highest in 32 years, according to the report by the National Institute of Statistics and Census (Indec) released Thursday. It was also one of the highest in the world.

  • Monday, December 19th 2022 - 19:09 UTC

    Slight adjustment to Brazil's inflation projection for 2022

    Brazil's Central Bank now says the IPCA will grow by 5.76% instead of 5.79%

    Brazil's National Wide Consumer Price Index (IPCA) is now expected to have grown 5.76% by the end of the year, a marginal drop from the 5.79% projected in the previous Focus Bulletin weekly report by South America's largest country's Central Bank.