Tag: Inflation

• Tuesday, May 10th 2022 - 10:45 UTC

  More inflation in the pipeline for Argentina: estimates of 65,1% for 2022

  

  The weekly survey of market expectations, REM, from the Central Bank anticipates a worsening of the inflation situation in Argentina, which once the April index is officially made public this week could represent 65% for the twelve months of 2022.

• Saturday, May 7th 2022 - 10:45 UTC

  Venezuela's inflation for April 2022 stands at 4.4%

  

  Venezuela's Central Bank Friday reported April's inflation had reached 4.4% in April, according to the National Statistics Institute (INE). The new figures were significantly higher than the National Consumer Price Index (INPC) recorded in March but still notoriously better than 24.% from April 2021.

• Friday, May 6th 2022 - 09:18 UTC

  Brazil hikes interest rate to its highest in five years, 12,75%, to fight double digit inflation

  

  As anticipated Brazil's central bank, in a unanimous decision, raised interest rates by 1% to 12,75%, the highest in five years, to contain double digit inflation. However policymakers suggested their tenth straight rate increase would not be the last in what has been one of the world’s most aggressive ongoing rate hike cycles.

• Friday, May 6th 2022 - 09:09 UTC

  Bank of England combats inflation by increasing base rate interest to 1%

  

  The Bank of England on Thursday increased for the fourth consecutive time the base rate interest to 1% in an attempt to contain inflation and despite admitting the prospect of recession. The energy crunch, the Russian war in Ukraine, and lesser household incomes are expected to contribute to weaker growth.

• Wednesday, May 4th 2022 - 22:07 UTC

  Uruguay's inflation stable in April but still above target figures

  

  Uruguay's interannual inflation during the month of April of 2022 reached nearly 9.4%, as prices rose below projections thanks to sharp decreases in fruits, vegetables, and meat.

• Tuesday, April 26th 2022 - 09:45 UTC

  Chilean president pledges food subsidies for vulnerable families; inflation the highest in three decades

  

  Chilean president Gabriel Boric said his government was preparing a mechanism to help vulnerable families pay for their basic food basket, which is to be financed with subsidies.

• Monday, April 25th 2022 - 09:30 UTC

  UK inflation: Salmon farming company agrees to pay above the real Living Wage, £10.40 per hour

  

  Scottish Sea Farms, now the country’s second-largest producer of farmed salmon, has committed to paying above the real Living Wage in a bid to help those of its employees and their families hit hardest by the soaring cost of living.

• Tuesday, April 19th 2022 - 09:42 UTC

  Record, two Falklands' full year inflation in a month in Argentina

  

  The Falkland Islands inflation during the last decade, on average has been below 4% annually. This however does not mean the Falklands are not vulnerable to the volatility of world energy and food prices.

• Saturday, April 16th 2022 - 10:00 UTC

  Inflation in LatAm highest in 15 years, IMF says

  

  According to the International Monetary Fund (IMF), inflation in Latin America's leading economies has reached its highest levels in 15 years. The finance agency Friday reported that these results were the consequence of the “impact on the pandemic and the war between Russia and Ukraine.”

• Friday, April 15th 2022 - 09:28 UTC

  “Inflation pandemic” displaces Covid-19 in leading countries

  

  United Kingdom inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics said. A day before the United States US Labor Department said that its consumer price index jumped 8.5% last month.