Tag: Inflation

• Thursday, January 13th 2022 - 09:48 UTC

  World economy is facing Covid-19, inflation and policy uncertainty, Global Economic Prospects

  

  Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to decelerate markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

• Wednesday, January 12th 2022 - 09:55 UTC

  Brazil's inflation for 2021 reaches 10.06%

  

  Brazil's inflation for the year 2021 has reached 10.06%, which was the country's highest in the past six years, driven mainly by the rise in fuel prices and by the energy crisis, the Brazilian Institute of Geography and Statistics (IBGE) announced Tuesday.

• Wednesday, January 5th 2022 - 10:17 UTC

  In three decades the Argentine Peso equivalent to one dollar, is now worth less than 5 US cents

  

  Some three decades ago the new Argentine democratically elected government takes office determined to put an end to endemic inflation when not hyperinflation. The new scheme was convertibility, making the Peso equivalent to one US dollar. Following strictly to the book, this meant a tight rein on spending and selling government companies that only accumulated deficits.

• Wednesday, December 29th 2021 - 10:09 UTC

  Argentines expect in 2022, another record breaking inflation year, 51,3%

  

  Argentines expect that inflation in the next twelve months will reach on average 51,3%, according to the latest survey from the Torcuato Di Tella University. This is 0.9 percentage points higher than in the previous month of November when it was measured at 50,4%.

• Thursday, December 16th 2021 - 09:41 UTC

  Fed faces inflation: taper concludes in March and three 0,25% rate hikes by end of 2022

  

  With US inflation reaching 6,8% in November, the highest in four decades, and following a two-day meeting, the Federal Reserve announced it was ending its asset purchase program earlier than expected anticipating several interest rate increases in 2022.

• Wednesday, December 15th 2021 - 09:55 UTC

  Argentina's November inflation “only” 2.5%

  

  Argentina's monthly inflation in November reached 2.5% for an accumulated 45.4% so far this year and 51.2% in the last twelve months, it was announced Tuesday in Buenos Aires by the National Institute of Statistics and Censuses (Indec).

• 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.