Tag: Inflation

• Thursday, April 14th 2022 - 09:52 UTC

  Argentina's Central Bank raises reference rate to cope with inflation

  

  Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.

• Monday, April 11th 2022 - 09:32 UTC

  Brazil's inflation for March 2022 disclosed: highest in 28 years

  

  Brazilian economic authorities have last week disclosed the monthly inflation for March of 2022: It was 1.62%, the highest for the same period in the last 28 years, making the year-on-year accumulation reach 11.30%, way above expectations.

• Saturday, April 9th 2022 - 08:20 UTC

  Chile's inflation for March above market projections

  

  For a month that began under one president and finished under the new one, Chile's inflation for March of 2022 reached 1.9%, slightly above market projections of up to 1.4%.

• Friday, April 8th 2022 - 09:55 UTC

  Argentina: Wage bargaining cushions margin to fight inflation

  

  Argentine labor unions are negotiating wage adjustments of around 60% in an attempt to outpace the country's rampant inflation, it was reported in Buenos Aires.

• Friday, April 8th 2022 - 09:19 UTC

  Venezuela's monthly inflation stays within one-digit figures

  

  Venezuela's economic authorities have reported one-digit monthly inflation once again for a country that had grown accustomed to astronomic figures. However, independent observers consider this data to be absurd.

• Wednesday, April 6th 2022 - 09:32 UTC

  Paraguay advised to monitor inflation and tackle State spending

  

  The International Monetary Fund (IMF) has issued a recommendation to the Government of Paraguay IMF to keep an eye on inflation and move forward with structural reforms in addition to improving State spending.

• Tuesday, March 29th 2022 - 23:22 UTC

  IDB: Ukraine war should open windows for Brazil, Argentine and LatAm

  

  The Inter-American Development Bank (IDB) said Monday that Russia's invasion of Ukraine and the threat it poses to food security may be an opportunity for large Latin American exporters, such as Argentina and Brazil due to the disruption in the global supply chains.

• Wednesday, March 23rd 2022 - 09:22 UTC

  Forum of Brazilian Governors agrees on tax freezing to curb inflation

  

  A forum of Brazilian Governors Tuesday agreed to extend for another 90 days the freeze on the average Tax on Merchandise Circulation (ICMS) that is levied on gasoline, ethanol and cooking gas to help mitigate inflation's impact on the citizenry's purchasing power, it was announced.

• Saturday, March 19th 2022 - 09:40 UTC

  Argentine President announces measures to curb inflation

  

  Argentine President Alberto Fernández Friday announced through a recorded message from the Olivos Residence the creation of a “stabilization fund.” The head of state's words came on the day he had promised the fight against inflation would begin.

• Wednesday, March 16th 2022 - 09:55 UTC

  Argentina's inflation for February of 2022 reaches 4.7%

  

  Argentina's inflation for the month of February of 2022 has reached 4.7% on average, the National Institute of Statistics and Census (Indec) announced Tuesday. It was the highest percentage since March of last year and was driven chiefly by increases in the price of food due to droughts, heatwaves, and fires.