Tag: Inflation

• Saturday, December 11th 2021 - 09:20 UTC

  Brazil 12 month inflation in November at an eighteen year record of 10,74%

  

  Brazil's November inflation reached the highest in eighteen years, 10,74%, almost three times this year's central bank target (3,75%), but the rising trend seems to be flattening, according to the national stats office.

• Friday, December 10th 2021 - 09:56 UTC

  Brazil raised the benchmark interest rate to 9,25% to try and contain inflation

  

  Brazil's Central Bank raised its benchmark interest rate 150 basis points for the second time running to 9,25%, the highest since 2017, in an effort to contain growing inflation.

• Wednesday, December 8th 2021 - 22:26 UTC

  Argentina shows marginal decrease in people below poverty lines

  

  Argentina's Catholic University (UCA) has released a study showing there were over 18.4 million poor people in the country, which would account for 43.8% of the population.

• Wednesday, December 8th 2021 - 09:12 UTC

  Inflation once again brings on increase in poverty throghout Paraguay

  

  Analysts foresee official data for the year 2021 will show an increase in poverty for the second straight year in Paraguay and will reach almost 30% due mainly to increasing inflation, analysts said Tuesday.

• Monday, November 29th 2021 - 09:35 UTC

  Argentines withdrew a record US$ 137 million during October

  

  Uncertainty and lack of confidence in Argentine politics is not only reflected with ballots in the polls. In effect despite all the limitations and clamps to the purchase of US dollars, limited to 200 per individual, per month and with a bank account, during October some 762,000 Argentines purchased US$ 137 million.

• Tuesday, November 9th 2021 - 16:00 UTC

  Venezuela's inflation slowing down but still very high

  

  Inflation in Venezuela for October of 2021 was 8.1%, for a YoY record of 1,258%, according to a report from the Venezuelan Observatory of Finance (OVF) released Monday.

• Saturday, November 6th 2021 - 09:59 UTC

  Brazil cuts down import tariffs to fight growing inflation

  

  In a move aimed at curbing inflation, Brazil Friday announced a 10% reduction of import tariffs on 87% of goods and services until December 31, 2022. Economy Minister Paulo Guedes now expects the other Mercosur countries to do the same.

• Friday, November 5th 2021 - 09:15 UTC

  More Brazilians in debt amid growing inflation

  

  Brazil's economic crisis has led to an unprecedented number of households being unable to repey their debts, it was reported Thursday.

• Thursday, November 4th 2021 - 09:33 UTC

  Federal Reserve begins gradual monthly tapering of stimulus this month

  

  Finally, following a two-day meeting, it's official: the US Federal Reserve announced on Wednesday it will begin tapering stimulus to the economy this month but also leaving the door open for possible changes if there are shifts in the scenario because of the pandemic. Likewise, inflation was described as “transitory” because of supply chain issues in the post-pandemic recovery.

• Friday, October 29th 2021 - 08:45 UTC

  Argentina: Paraguayan guaraní becomes hard currency in the absence of US dollar bills

  

  The demand for Paraguayan guaranís in the Argentine province of Misiones has been developed as desperate locals are unable to find US dollar bills with which to protect their savings from rampant devaluation and growing inflation, it was reported.