Tag: Inflation

• Thursday, April 7th 2011 - 18:05 UTC

  In spite of latest measures, Brazil’s ‘currency war’ looks set to rumble on

  

  If recent evidence is anything to go by, Brazil’s latest effort to stem the rise in the Real is unlikely to have a lasting impact on the markets, according to Capital Economics.

• Wednesday, April 6th 2011 - 06:32 UTC

  Venezuela admits an annual inflation of 27.4% in the last twelve months

  

  Venezuela's nationwide consumer price index (NCPI), prepared by the Central Bank of Venezuela (BCV) and the National Statistics Institute (INE), showed a 1.4% increase in March 2011 compared to February 2011.

• Wednesday, April 6th 2011 - 01:39 UTC

  Uruguay’s March inflation soars 1.42% and 3.6% in the first quarter

  

  Uruguay consumer prices soared 1.42% in March, reaching 8.17% in the last twelve months and 3.6% in the first quarter, which is dangerously close to the twelve month government target of 3% to 7%, which theoretically should go down to 4% to 6% next June.

• Saturday, March 26th 2011 - 10:41 UTC

  Uruguay admits concern over inflation raises benchmark interest to 7.5%

  

  Uruguay's central bank this week surprised local economists and raised its benchmark interest rate 100 base points, one percentage point to 7.5%, in an attempt to help combat accelerating inflation which is beyond the government's target range.

• Saturday, March 26th 2011 - 10:38 UTC

  Billionaire Buffet advice: avoid long term fixed-income investment in US dollars

  

  Billionaire Warren Buffet who urged United States in 2009 to guard against inflation, said investors should avoid long-term fixed-income bets in US dollars because the currency’s purchasing power will decline.

• Saturday, March 26th 2011 - 08:57 UTC

  Brazil expected to raise benchmark interest rate as inflation “worsens”

  

  Brazilian Central bank President Alexandre Tombini admitted inflation forecasts may “worsen”. Consumer prices in the 12 months through mid-March rose 6.13%, the biggest jump in more than two years.

• Wednesday, March 23rd 2011 - 19:47 UTC

  Argentina forecasted to expand 6.8% in electoral year with 25% inflation

  

  Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005. Alberto Ramos Goldman Sachs economist raised the GDP expansion estimate to 6.8% from a previous 5.6%, according to an e-mail statement.

• Tuesday, March 22nd 2011 - 08:10 UTC

  In twelve Argentine provinces inflation is two times and a half the official index

  

  Several Argentine provinces mistrustful of government statistics, particularly inflation have mounted their own offices which show that consumer prices in the last twelve months have soared on average 27.5%, which is almost two and a half times the official index applicable to Buenos Aires City and Buenos Aires province

• Saturday, March 19th 2011 - 07:22 UTC

  Inflation alarm-bells in Uruguay as consumer prices rise sharply in Jan-Feb

  

  Uruguay's central bank must act swiftly after a surge in consumer prices during the first two months of the year or the economy could suffer “serious problems,” a recognized research company has warned.

• Wednesday, March 16th 2011 - 05:10 UTC

  February inflation in Argentina, 0.7%; private estimates double that percentage

  

  Inflation in Argentina advanced 0.7% in February over the previous month pushed mainly by increases in the clothing sector (2.2%) and leisure activities (3.5%), according to the official Indec National Statistics Bureau. During the first two months of the year, the consumer prices index accumulated 1.5%.