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MercoPress, en Español

Montevideo, May 4th 2026 - 10:07 UTC

Tag: Inflation

  • Saturday, August 27th 2022 - 09:51 UTC

    Federal Reserve pledges to keep lowering inflation, “until we are confident the job is done”

    ”...a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down,” Powell insisted.

    The chairman of the Federal Reserve, Jerome Powell said on Friday that the job of lowering inflation is not done, and “we will keep at it until we are confident the job is done”. Powell was speaking at the Fed's annual conference in Jackson Hole, Wyoming, an event closely followed by markets and pundits, trying to anticipate future actions.

  • Wednesday, August 24th 2022 - 09:31 UTC

    Inflation in Argentina hits working-class neighborhoods harder

    Lettuce went up 178.57% in July

    According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.

  • Wednesday, August 17th 2022 - 09:01 UTC

    US: Biden signs Inflation Reduction Act into law

    “This bill is the biggest step forward on climate ever, ever,” Biden said

    US President Joseph Biden Tuesday signed into law his Inflation Reduction Act concerning growing prices inflation, climate change, and other targets, which. He said it was one of the ”most significant laws in our history.

  • Saturday, August 13th 2022 - 03:32 UTC

    Former Economy Minister wants Argentines to retire older

    Dujovne also said there was a danger of hyperinflation in Argentina

    Former Argentine Economy Minister Nicolás Dujovne said people should retire at age 68, regardless of their sex, in a country where under current legislation men do so at 65 and women at 60.

  • Friday, August 12th 2022 - 10:30 UTC

    Hectic July shoots up Argentina's inflation

    Batakis failed to bring confidence to the markets

    After having almost three economy ministers in one month, it was no surprise to see Thursday that July's inflation was the highest since 2002, as the National Institute of Statistics and Census (Indec) released its latest report.

  • Friday, August 12th 2022 - 09:32 UTC

    BCRA raises interest rates to bring down inflation projections

    Inflation in Argentina is one of the highest worldwide.

    Argentina's Central Bank (BCRA) Thursday decided on a sharp rise in interest rates to calm down inflation projections. The measure was taken before data for July 2022 was released later in the day.

  • Thursday, July 14th 2022 - 20:13 UTC

    June's CPI rose 5.3% in Argentina

    Batakis conveys anything but confidence to Argentines who keep buying as many US dollars as they can

    Argentina's National Institute of Statistics and Census (Indec) Thursday released its monthly report, which showed that the Consumer Price Index (CPI) had risen 5.3% in June 2022, after a 5.1% increase in May for a 64% yoy adjustment and 36.2% in the first half of 2022.

  • Thursday, June 30th 2022 - 09:43 UTC

    Uruguay expanded 4,4% in 2021 and is poised to continue growing strongly, IMF report

    Inflationary pressures driven by external and domestic factors are expected to dissipate only gradually

    An IMF mission recently visited Uruguay to discuss with local authorities economic developments, including recovery from the pandemic, the war in Ukraine and the country's policy priorities. The report released on return of the IMF mission to Wahsington pointed out that the economic recovery continues at a firm pace supported by high agricultural commodity prices and strong investment.

  • Tuesday, June 28th 2022 - 09:31 UTC

    BCB head says worst part of inflation in Brazil is over

    “In the end, it is the markets that produce food and energy,” Campos Neto insisted

    Brazil's Central Bank (BCB) CEO Roberto Campos Neto said Monday that the worst part of inflation in his country was over, after the proper tools to curb the process had been taken.

  • Thursday, June 16th 2022 - 09:11 UTC

    US Fed raises rates to curb growing CPI

    The strong rate hike seeks “to avoid second-round effects, which would mean raising the rate even more”

    The United States Federal Reserve Wednesday announced a 0.75% rate hike to between 1.5% and 1.75%, in a move to curb rising consumer prices. It is the first time since 1994 that the Fed has raised the rate this much.