Tag: Inflation

• 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.

• Thursday, October 28th 2021 - 09:55 UTC

  Brazil's Central Bank increases Selic rate above expectations

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) decided once again Wednesday to increase the basic Selic interest rate from 6.25% to 7.75% annually, in what turned out to be the sharpest rise since December 2002, it was announced.

• Wednesday, October 20th 2021 - 09:20 UTC

  Argentine food prices grow below overall inflation

  

  Argentina's basic food basket rose 3.2% in September, according to data released Tuesday by the National Institute of Statistics and Census (Indec).

• Friday, October 15th 2021 - 09:30 UTC

  Argentina's Domestic Trade Secretary announces price freezing agreement to be policed by social and political organizations

  

  Argentina's newly-appointed Domestic Trade Secretary Roberto Feletti Thursday announced authorities would closely monitor compliance on the part of retailers regarding 1,247 food and other basic items made available at affordable prices until January 7, 2022.

• Thursday, October 14th 2021 - 09:21 UTC

  Chilean central bank surprises markets, increases basic rate from 1,5% to 2,75%

  

  Given the latest spike of inflation in Chile which jumped 1,2% in September, the central bank council surprised markets by increasing the basic monetary lending rate 125 points, that is from 1,5% to 2,75%, the highest since 2001. The five-member Council decision was unanimous.