Tag: Inflation

• Friday, April 9th 2021 - 10:30 UTC

  Argentina's INDEC figures “encouraging” for government, still not for people

  

  While inflation grows rampant and people lose some or all of their income in the middle of the coronavirus restrictions, Argentina's National Institute of Statistics and Census (INDEC) Thursday released a new economic report which showed positive figures.

• Thursday, March 18th 2021 - 08:53 UTC

  Fearing a spike in inflation, Brazil hikes interest rate 75 basis points for the first time since 2015

  

  Brazil's central bank on Wednesday announced a first interest rate hike since 2015, a surprising 75 basis point increase to 2.75% and anticipated a similar increase in May to fight inflation even as the economy struggles during the pandemic.

• Thursday, March 4th 2021 - 09:24 UTC

  Argentina's banks face a tough year: bad loans, inflation and regulations

  

  Rising inflation plus bad loans and government regulations anticipate a tough 2021 according to the CEO of Argentina's biggest private bank by market capitalization. “If inflation is high, there is a risk that bank results will fall to very low or negative levels in real terms,” Fabian Kon said in an interview in Buenos Aires.

• Wednesday, March 3rd 2021 - 08:38 UTC

  Producer price inflation in Brazil anticipates Central bank will raise interest rates

  

  Brazil's statistics agency IBGE said on Tuesday the monthly rate of producer price inflation kicked off this year at its second highest, with prices rising across all 24 activities surveyed.

• Thursday, February 18th 2021 - 08:50 UTC

  Fearful of inflation Argentina claims consumer corporations are holding back production volumes

  

  With inflation far from target and increasing consumer prices, Argentina is investigating firms including Danone, Procter & Gamble, Fargo, miller Cañuelas, abattoir Paledini and Unilever, along with food producers like Bunge, accusing them of deliberately holding back production.

• Friday, February 12th 2021 - 09:49 UTC

  January inflation in Argentina, 4%, questioning government 2021 targets

  

  Argentina's Consumer Price Index, CPI rose in January for the second month running 4%, questioning the government's target of 30% inflation in 2021. In effect twelve-month inflation reached 38,5% in January, following on the 4% for December, according to the latest release from the country's stats office, Indec.

• Friday, February 12th 2021 - 09:18 UTC

  Brazil congress passes bill granting the central bank greater autonomy

  

  Brazil's lower house of Congress on Wednesday approved the text of a bill granting the central bank autonomy, which will set fixed four-year terms for the bank's president and directors, and tighter rules on their exit from office.

• Thursday, February 11th 2021 - 08:47 UTC

  Brazilian Central Bank says inflation outlook rose for the fifth week running

  

  Brazil's central bank weekly FOCUS survey of some 100 economists and financial institutions indicated that the outlook for inflation in the country rose for the fifth consecutive week, and is getting closer to the bank's target for the year.

• Tuesday, February 9th 2021 - 09:43 UTC

  Fernandez expects IMF to grant Argentina more flexible repayment terms

  

  President Alberto Fernández believes the International Monetary Fund (IMF) should grant Argentina more “flexible” terms on the repayment terms of the debt and warned that increasing inflation could lead his government to again hike export taxes, the president said in an interview on Sunday with newspaper Página/12.

• Saturday, January 30th 2021 - 09:55 UTC

  Official 2020 inflation in Argentina at 36,1%, but several points higher for the poor half of the country

  

  Argentina registered inflation of 36,1% in 2020, with the declining rate during three quarters, picking up strongly in the last three months particularly basics such as food which is serious since almost half of the Argentine population are cataloged as poor or living below the poverty line.