Tag: Inflation

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

  Argentine wages trail inflation

  

  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?

  

  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

  

  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

  

  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

  

  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.

• Tuesday, October 11th 2022 - 17:56 UTC

  Argentina burdened by high inflation and multiple exchange rates

  

  Argentina's economy seems to have a dark future ahead, according to reports in Buenos Aires media highlighting that inflation in the first week of October alone reached 2.8 % in the price of food.

• Friday, September 30th 2022 - 19:05 UTC

  Unemployment keeps falling in Brazil as elections loom over

  

  Unemployment in South America's largest country has dropped to 8.9% in the quarter ending in August, following a 0.9 decrease that month, according to a study published Friday by the Brazilian Institute of Geography and Statistics (IBGE).

• Friday, September 23rd 2022 - 09:16 UTC

  BOE hikes basic rate to 2,25%, and admits UK economy is in recession process

  

  The Bank of England hiked its base rate to 2.25% from 1.75% on Thursday, lower than the 0.75 percentage point increase that had been expected by many traders, but cautioned the UK economy was already entering recession since GDP is forecast to contract by 0,1% in the third quarter, following on a 0.1% decline in the second quarter.

• Thursday, September 22nd 2022 - 10:01 UTC

  With inflation soothing, Brazilian central bank leaves basic Selic interest rate unchanged at 13,75%

  

  Brazil's Central Bank Monetary Policy Committee (Copom) decided on Wednesday to keep its basic Selic interest rate unchanged at 13,75%, putting an end to twelve consecutive increases which took off in 2021 with the purpose of bringing down inflation.