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MercoPress, en Español

Montevideo, November 24th 2024 - 08:47 UTC

Tag: Inflation

  • Thursday, November 17th 2022 - 10:00 UTC

    UK's double shock, highest inflation in 41 years and a draconian Autumn budget

    Chancellor Hunt is looking to fill the black hole of up to £60bn in public finances through a combination of tax rises and public-spending cuts

    Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”

  • Wednesday, November 16th 2022 - 10:18 UTC

    Indec says Argentina's inflation for October reached 6.3%

    Tuesday's interannual figures were also the highest since the end of hyperinflation in the early 1990s

    Argentina's inflation reached 6.3% in October for an 88% interannual result, according to the latest report from the National Institute of Statistics and Census (Indec). According to current projections, it may reach 100% by the end of the year.

  • Monday, November 14th 2022 - 19:56 UTC

    Argentine Labor Minister said inflation is not a priority but Qatar World Cup

    “One month is not going to make a big difference [...], the people deserve to see Messi champion”, pointed out Kelly Olmos, head of the Ministry of Labor.

    Only six days before the beginning of the World Cup, which has Argentina as the great favorite, the Minister of Labor, Employment and Social Security of that country, Kelly Olmos, did not hide her enthusiasm for the World Cup in Qatar and said: “Then we continue working on inflation, but first let Argentina win”.

  • Thursday, November 10th 2022 - 10:07 UTC

    Chile's interannual inflation on downward path

    “We began to have inflation figures below what was expected,” Marcel explained

    Chile's inflation in October reached 0.5 % over the previous month, the National Statistics Institute (INE) reported this week. The new figure means an accumulated 11.4 % in the first ten months of 2022 and 12.8 % interannually.

  • Tuesday, November 1st 2022 - 10:06 UTC

    Argentine wages trail inflation

    Clothing and Footwear went up 9.9% in August

    Salaries in Argentine rose 6.5% on average in August 2022, the National Institute of Statistics and Census (Indec) reported Monday. According to these figures, incomes were below the 7% inflation rate for the same month.

  • Tuesday, November 1st 2022 - 10:00 UTC

    Central banks and stubborn inflation, to Hike, Early to Thrive?

    Amounts withdrawn were so large that the increase in spending was bound to produce inflation.

    By Andrés Velasco – Several central banks that began raising interests well before US and Euro-zone policymakers are still facing persistent inflation. But it was the right choice, because inflation was always likely to prove stubborn in today’s conditions, and waiting would have required even larger hikes later, with a heavier output cost.

  • Monday, October 24th 2022 - 10:40 UTC

    Argentina: Milei likely to make it to the runoff next year, poll shows

    Milei's challenge to Argentina's political status quo is to be taken seriously

    Argentine media reported over the weekend that ultraliberal Congressman Javier Milei might make it to the runoff in next year's presidential elections, which would bring an end to the polarization between the leftwing Peronists of the Everybody's Front (Frente de Todos - FdT) and the center-leftists of Together for Change (Juntos por el Cambio - JxC).

  • Tuesday, October 18th 2022 - 10:07 UTC

    Inflation projections in Brazil fall yet again

    The 2022 projection is still above the inflation target set by the Central Bank's

    Brazilian economic authorities have cut down projections regarding 2022's annual inflation from 5.71% to 5.62%, it was reported Monday. It was the 16th consecutive reduction of the National Wide Consumer Price Index (IPCA) estimate.

  • Tuesday, October 18th 2022 - 09:52 UTC

    September inflation in Patagonia reached 6,1% and 66,2% in nine months

    In 2022 nine months and inflation at 66,2%, items which most soared are Clothing and Footwear, 90,8%; Restaurants and hotels, 83%; and Education, 72,3%.

    Inflation across in Tierra del Fuego, Argentine Patagonia reached 6,1% during the month of September, 66,2% so far this year, and did not include modifications in basic services rates, but nevertheless was considered a great success in Buenos Aires because it was down from 7%, the previous month.

  • Thursday, October 13th 2022 - 10:18 UTC

    Chile ups TPM to curb inflation

    Chile's Central Bank Wednesday announced an increase of 50 basis points to the Monetary Policy Rate (TPM) which has been now set at 11.25% in a unanimous decision by the Board aimed at tackling inflation.