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MercoPress, en Español

Montevideo, July 13th 2025 - 22:51 UTC

Tag: Inflation

  • Saturday, July 5th 2025 - 10:53 UTC

    Uruguay's inflation closer to target

    Tolosa highlighted the effectiveness of using interest rates as a monetary policy tool

    Uruguay's year-on-year inflation rate dropped to 4.59% in June, marking its fourth consecutive monthly decline. This figure is very close to Uruguay's Central Bank (BCU) target of 4.5% and keeps inflation within the 3% to 6% tolerance range for the 25th consecutive month.

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  • Tuesday, May 13th 2025 - 09:37 UTC

    Fitch ups Argentina's grading by one notch

    Disinflation under La Libertad Avanza “already exceeded our previous expectations,” Fitch underlined

    Fitch Ratings upgraded Argentina's long-term foreign currency debt rating from CCC to CCC+, citing the rapid economic recovery under President Javier Milei. Key factors include a new US$ 20 billion International Monetary Fund (IMF) agreement, with an initial US$ 12 billion disbursement boosting reserves to US$38 billion, and the liberalization of the exchange market an AR$ 1,000 / AR$ 1,400 band per US dollar.

  • Friday, May 9th 2025 - 14:51 UTC

    Venezuela seeks support from Russia and China amid economic crisis

    Venezuela’s economic crisis is worsening, with inflation expected to reach nearly 200% in 2025

    Venezuela is turning to its geopolitical allies, Russia and China, to counter a deepening economic crisis, as the South American nation faces dwindling oil revenues, runaway inflation, and a severe currency devaluation.

  • Tuesday, May 6th 2025 - 10:49 UTC

    Growth reported in Uruguay's foreign trade

    Meanwhile, Uruguay's INE showed a slight decline in inflation

    Uruguay's foreign trade showed growth in April 2025, with exports increasing by 4% compared to the same period last year, a Uruguay XXI study released in Montevideo Monday showed. Total exports for the month reached US$ 1.033 billion, while cumulative exports from January to April amounted to US$ 3.92 billion, also marking a 4% year-on-year increase.

  • Tuesday, May 6th 2025 - 10:35 UTC

    Bolivia's inflation reaches 0.9% in April

    April's figures were “the lowest in seven months” after blockades in October, coupled with unfavorable weather, Arandia explained

    Bolivia's inflation rose by 0.9% last month, bringing the cumulative rate for the first third of 2025 to 5.95%, the National Institute of Statistics (INE) reported Monday. These figures were significantly higher than the 1.31% recorded for the same period in 2024 and represented 79.3% of the government's 7.5% annual target

  • Thursday, April 17th 2025 - 10:35 UTC

    Argentina's Indec to gauge CPI differently

    The Indec finalized in March all the technical and methodological developments for the new CPI, Francos pointed out

    Argentine Cabinet Chief Guillermo Francos announced Wednesday that a new methodology for calculating the Consumer Price Index (CPI) to measure inflation more accurately is to be implemented shortly by the National Institute of Statistics and Census (Indec), pending institutional review and an awareness campaign.

  • Tuesday, April 15th 2025 - 10:59 UTC

    Brazilians buy less food due to inflation, Datafolha study finds

    In this scenario, Lula's popularity is waning down

    A Datafolha survey published Sunday revealed that 58% of Brazilians have reduced food purchases due to rising inflation, which hit 5.48% annually by March 2025. When measured amongst the poorest strata of society (people with an income of up to two minimum wages), 67% were forced to adopt contingency measures.

  • Monday, March 17th 2025 - 10:22 UTC

    Argentine inflation projected to bounce back this month

    A sharp drop in consumption amid uncertainties regarding a possible understanding with the IMF discourages experts from issuing optimistic projections

    After Argentina's National Institute of Statistics and Census (Inec) announced Friday that the National Consumer Price Index (IPC) in February reached 2.4%, analysts in Buenos Aires foresee it to show another acceleration in March, potentially exceeding February's core inflation rate of 2.9%.

  • Friday, March 14th 2025 - 10:55 UTC

    Brazil lifts import taxes of foodstuffs to lower inflation

    The measure is temporary, Alckmin explained

    Brazil's Chamber of Foreign Trade's (Camex) Executive Management Committee (Gecex) gave its nod Thursday to the temporary removal of import taxes on nine food items to lower prices for local consumers. The tax exemption applies to boneless frozen beef, roasted and unroasted coffee beans, corn (not for sowing), certain uncooked pasta, cookies, extra virgin olive oil, crude sunflower oil, cane sugar, and preserved sardines (limited to 7,500 tons). Taxes ranging between 7.2% and 32% have been lowered to 0% in a move to curb inflation. The measure is effective starting Friday. Authorities insisted it would only be for a limited time.

  • 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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