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MercoPress, en Español

Montevideo, April 19th 2024 - 16:08 UTC

Tag: Inflation

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Tuesday, November 14th 2023 - 09:19 UTC

    Argentina's monthly inflation back to one-digit figures

    The latest Indec data was released less than a week before the presidential runoff between Milei and Massa

    Argentina's National Institute of Statistics and Census (Indec) announced Monday in Buenos Aires that October's Consumer Price Index (CPI) stood at 8.3% for a 142.7% year-on-year. These results showed a return to one-digit monthly inflation after 12.7% in September and 12.4% in August for an accumulated 120% in the first ten months of 2023, Indec also noted.

  • Friday, November 3rd 2023 - 08:59 UTC

    Paraguay just one notch short of Fitch's investment grade

    Inflation has fallen dramatically this year in Paraguay, Fitch also noted

    Paraguay was given a BB+ rating in Fitch's latest report, which is one step away from investment grade. Although in Asunción the South American country's Economy Ministry highlighted the achievement, the agency also warned about challenges in terms of credibility.

  • Friday, October 6th 2023 - 10:50 UTC

    Argentina not to pay IMF maturities until after the elections

    Inflation in Argentina “is expected to reach 120% year-on-year by the end of 2023,” the IMF said

    Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.

  • Thursday, October 5th 2023 - 09:41 UTC

    Inflation in Uruguay within target

    The INE said the items that most affected the CPI were food and non-alcoholic beverages, and transportation. Photo: Sebastián Astorga

    Inflation in Uruguay fell again in September for the fifth consecutive month, reaching 0.61% for a year-on-year total of 3.87%, according to a National Statistics Institute (INE) report released Wednesday in Montevideo.

  • Thursday, September 14th 2023 - 10:15 UTC

    Argentina: August's inflation hits 12.4%

    Massa criticized the IMF's “inflationary and contractionary” recipes

    Argentina's National Institute of Statistics and Census (Indec) announced Wednesday that inflation for the month of August had reached 12.4% for a total of 124.4% in the last 12 months. The highest monthly rate in over 32 years came after the Aug. 14 devaluation of the Argentine peso. So far in 2023, the Consumer Price Index has accumulated an increase of 80.2%.

  • Wednesday, August 23rd 2023 - 10:55 UTC

    Argentina: Sharp drop in mass consumption reported

    Wholesale prices outpaced inflation in July

    Private studies released Tuesday in Buenos Aires showed a 16.1% drop in mass consumption in the first week of August, which further aggravated July's 15.8%, the Buenos Aires daily La Prensa reported.

  • Wednesday, August 16th 2023 - 11:48 UTC

    Argentina: July's inflation reported at 6.3%

    According to Indec, salaries in June narrowly beat inflation

    Argentina's National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.

  • Friday, August 11th 2023 - 17:37 UTC

    Inflation in US remains stubborn with 3,2% in twelve months to July

    The US Federal Reserve has raised its benchmark interest rate to more than 5.25% - the highest level in 22 years - in a bid to cool the economy and ease prices

    The rate of inflation in the United States was 3.2% over the year to July, driven by higher housing, car insurance and food costs, the Labor Department said. That was up from 3% in June, which was the lowest rate in more than two years.

  • Wednesday, August 9th 2023 - 03:15 UTC

    UK food prices are slowing; 'cautious optimism' from British Retail Consortium

    Clothing and footwear were among the beneficiaries during July as retailers “mitigated wet weather” with larger discounts

    New figures suggest food United Kingdom price inflation has slowed to its lowest level this year as prices of oils, fish, and breakfast cereals fall. According to the British Retail Consortium (BRC) and NielsenIQ retail analysts, food inflation slowed to 13.4% in July. It was 14.6% in June. But overall, shop prices are still 7.6% higher this July than a year ago.