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MercoPress, en Español

Montevideo, July 4th 2025 - 10:13 UTC

Tag: Inflation

  • Friday, April 5th 2019 - 09:26 UTC

    Argentines take to the streets under pouring rain to protest Macri’s austerity

    Thousands of protesters marched along roads near the city centre carrying colorful banners with slogans asking for “decent work” and “better salaries”.

    Argentine unions, small business owners and activists took to the rain-drenched streets of Buenos Aires on Thursday to protest against austerity measures under President Mauricio Macri, which they blame for amplifying worker hardships and sapping growth.

  • Sunday, March 31st 2019 - 17:07 UTC

    Venezuela suffers the fifth mass blackout of the month

    Only 33% of the South American country had electricity service on Sunday morning and 15% was online

    A new massive blackout was recorded this weekend in Venezuela after a nationwide interruption of electricity service this Friday, which was slowly restored in main cities as Caracas. However, a new relapse of the supply occurred on Saturday night, affecting 16 states of the country - more than half.

  • Wednesday, March 27th 2019 - 08:48 UTC

    Argentine financial markets jittery over October elections uncertainty

    Bankers said the main fear was political upheaval if renewed economic crises derailed Macri's plans for reelection in October

    Investors in Argentina are starting to get the jitters. The gap in yield between local and U.S.-issued bonds has roughly doubled in the last month in the face of stubborn inflation and mounting peso outflows, heaping pressure on President Mauricio Macri ahead of elections later in the year.

  • Saturday, March 16th 2019 - 10:15 UTC

    IMF prepared to help Argentina stabilize exchange market volatility in election year

    The announcement followed a sharp fall in the Peso, dragged down by emerging doubts about the economy and rising political uncertainty by elections in October

    Argentina’s central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April. The bank hopes the market makers, dealers who agree to buy and sell at set prices, would bolster liquidity in the exchange market to help avoid the sharp gyrations the peso has suffered in recent weeks when it hit a record low of 42.5 pesos per dollar in thin trading.

  • Wednesday, March 13th 2019 - 08:12 UTC

    Brazil February consumer prices rose 0.43%, and 3.89% in twelve months

    The central bank expects average inflation this year of 4.25%, and has held its key Selic interest rate at a record low of 6.50% for almost a year.

    Consumer prices in Brazil rose at a slightly faster pace than expected in February due to a rise in private education fees and food and beverage prices, statistics agency IBGE said on Tuesday. On a monthly basis, inflation rose by 0.43% in February, IBGE said, more than the expected 0.39% and up from 0.32% a month earlier.

  • Thursday, February 14th 2019 - 09:13 UTC

    UK January inflation at at two-year low and below target

    The Consumer Prices Index 12-month rate hit 1.8% last month, down from 2.1% in December, the Office for National Statistics (ONS) said in a statement.

    British annual inflation hit a two-year low point in January, undershooting the Bank of England’s 2.0 per cent target on falling oil and other energy costs, official data showed on Wednesday.

  • Wednesday, February 13th 2019 - 09:41 UTC

    Stable low inflation and expansion forecasted by Brazilian financial market

    The figures reaffirm the market's expectation that the Central bank will keep the benchmark interest rate at its current annual level of 6.5%, the lowest in history

    Brazil's financial market has cut its forecast of the country's inflation rate from 3.94 to 3.87 percent for 2019 and kept the rate at 4% for 2020, the Central Bank of Brazil reported. According to the Focus survey conducted by the bank among Brazil's main financial institutions, the forecasts are within the official target of 4.25 percent, with a tolerance margin between 2.75 percent and 5.75 percent.

  • Sunday, February 3rd 2019 - 10:36 UTC

    Latin American markets reacted positively to Fed' message of “wait and see”

    Brazil's Bovespa stock index rose half a percent and posted a fourth straight day of gains, while most other regional indexes rose between 0.8% to 0.9%

    Most Latin American stocks rose on Friday after U.S. economic data pointed to the possibility that the Federal Reserve could keep interest rates unchanged. Shares extended their rally after U.S. employment and manufacturing data underscored a strong economy with little wage inflation.

  • Tuesday, January 15th 2019 - 09:20 UTC

    The salary is tripled in Venezuela: Increases to 6 dollars

    The salary that will come into effect on Tuesday is equivalent to six dollars on the black market and economic analysts fear that it will lose its value in a few days.

    Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.

  • Monday, January 14th 2019 - 09:31 UTC

    Argentina's annual inflation during 2018 estimated at 48%, highest since 1991

    The foreign exchange market volatility had a direct impact on last year's inflation rate and probably in the coming months

    Argentina's stats office Indec, is scheduled to announce December's inflation and for the whole of a very volatile 2018 next Tuesday, with estimates ranging at 48%, the highest in the country since 1991. November's Consumer Price Index was 3.2%.