Tag: Inflation

• Saturday, June 11th 2011 - 11:27 UTC

  Cristina Fernandez presidential bid “is headed towards a predictable scenario”

  

  The candidacy of Argentine President Cristina Fernandez de Kirchner “is headed towards a predictable scenario” assured Buenos Aires province Governor Daniel Scioli in an interview he granted to Ambito Financiero's new TV show, “Ambito de debate”.

• Thursday, June 9th 2011 - 19:18 UTC

  Euro central bank expected to increase interest rates next month

  

  The European Central Bank (ECB) has signalled that it will raise interest rates next month, from 1.25%. Earlier on Thursday, the ECB kept rates unchanged for the second month in a row, after increasing them in April for the first time in almost two years.

• Thursday, June 9th 2011 - 01:02 UTC

  Organized labour leader Moyano admits “inflation in Argentina is a problem”

  

  Argentina’s organized labour leader Hugo Moyano admitted Wednesday that “inflation in Argentina is a problem”. He also said that, despite the several criminal cases open against him, he is not afraid of going to jail.

• Tuesday, June 7th 2011 - 23:06 UTC

  Brazil inflation slows down in May; Central bank decides Wednesday on rates

  

  Brazilian inflation slowed to its lowest level in eight months in May as fuel costs dropped. The sharp drop in the monthly inflation reading provided relief to policymakers who have battled surging prices this year with three interest rate hikes, public spending cuts and steps such as credit curbs to take steam out of the economy.

• Friday, June 3rd 2011 - 23:44 UTC

  Consumer inflation in Uruguay climbs to an annualized 8.53%

  

  Consumer prices in Uruguay rose sharply again in May, led by steep increases in prices at restaurants and hotels, for housing and for health costs accumulating 8.53% in the last twelve months and 4.34% in the five months of 2011.

• Friday, May 27th 2011 - 08:44 UTC

  Roubini forecasts Uruguay needs additional measures to contain inflation

  

  Roubini General Economics, RGE, founded by Nouriel Roubini the economist described as Dr. Doom for having predicted long before his peers the US financial and mortgage crisis said the Uruguayan government must apply additional measures to higher rates and bank reserves, to help contain inflation.

• Thursday, May 26th 2011 - 18:52 UTC

  Former minister criticizes Argentine economy management and warns on inflation

  

  Argentina’s former cabinet chief Alberto Fernandez warned that the government is “not looking at the economy as it should” and is risking “all the good things that have been done so far”. He was also very critical of Economy minister Amado Boudou.

• Saturday, May 21st 2011 - 09:59 UTC

  Argentina posts strong primary surplus pushed by economic growth and inflation

  

  Argentina posted a primary budget surplus 1.97 billion Pesos (455 million US dollars) in April, up 4.8% from the 1.88 billion Peso surplus a year earlier, the government said on Thursday.

• Saturday, May 21st 2011 - 09:40 UTC

  Inflation expectations in Argentina for the next twelve months: 29.5%

  

  Inflation expectations for the next twelve months in Argentina dropped to 29.5% in May from 30.3% in April according to the latest report from the Financial Investigation centre from the Torcuato Di Tella University, CIF.
  This is the first time in twenty months that the index is below 30%.

• Wednesday, May 18th 2011 - 16:18 UTC

  Frozen power rates anticipate China faces worst energy shortage since 2004

  

  China has started rationing electricity to try and stave off an energy shortage that government officials say could be the worst since 2004. State-owned power generating companies are dealing with high global energy prices that have cut their profits.
  China has also banned the export of diesel, to try to meet domestic demand.