Tag: Inflation

• Saturday, June 9th 2012 - 00:37 UTC

  Argentina rapidly becoming too expensive for foreign tourists

  

  Argentina is rapidly becoming an expensive country for tourists and evidence of this is the declining number of tourists arriving in the country in the first months of the year while the number of Argentine travelling overseas is soaring, according to Mario Lielman, chair of the Buenos Aires Tourism and Travel Agencies Association.

• Monday, March 26th 2012 - 08:59 UTC

  Printing money does not lead to inflation, argues Argentine central bank president

  

  The president of Argentina’s Central Bank (BCRA), Mercedes Marcó del Pont, stressed the importance of the recently approved bank’s charter reform and denied that printing currency leads to the creation of an inflationary state “since inflation is rooted in other causes”.

• Friday, February 24th 2012 - 07:38 UTC

  Argentina and the price of cooking the books, according to The Economist

  

  History has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars.

• Friday, February 3rd 2012 - 18:14 UTC

  Uruguay inflation up 0.74% in January and 8.05% in the last twelve months

  

  Uruguay's inflation rate rose in January 0.74% from December as housing, hotel and restaurant prices jumped, the national statistics agency, INE, reported this week. The consumer price index rose 8.05% on the year at the end of January, INE said.

• Thursday, February 2nd 2012 - 05:15 UTC

  IMF warn Argentina on ‘lack of progress’ in addressing inflation data

  

  The International Monetary Fund (IMF) warned Argentina about its “lack of progress” in addressing inflation data and called on the country to implement “specific measures” within the next six months to improve it.

• Monday, January 2nd 2012 - 21:44 UTC

  Venezuelan economy expands 4% in 2010 and inflation reaches 27.6%

  

  Inflation in Venezuela during last year reached 27.6%, which is 0.7 percentage points more than in 2010, according to a preliminary report from Venezuela’s central bank. President Nelson Merentes said that the consumer prices index “was associated to the upwards pressure generated on wholesale prices by a greater dynamism from domestic aggregate demand”.

• Friday, December 30th 2011 - 21:22 UTC

  Uruguay fearing inflation drastically rises basic rate 75 points to 8.75%

  

  Uruguay’s central bank unexpectedly increased on Friday its benchmark interest rate by 75 points from 8% to 8.75%o as policy makers admit inflation, and mid term expectations remain notoriously over the target range and price stability is the main concern in “the current socio-economic context”.

• Tuesday, December 13th 2011 - 06:56 UTC

  Uruguay monetary policy trapped between inflation or stimulating the economy

  

  The Uruguayan central bank “Monetary Policy Committee” will attempt to balance ‘concern’ over inflation with the increasing international uncertainty when it meets next 29 December, said the bank’s president Mario Bergara.

• Friday, December 9th 2011 - 07:16 UTC

  November inflation in Brazil up 0.52% and 6.64% in last twelve months

  

  Brazilian consumer prices rose faster than expected in November. Inflation as measured by the benchmark IPCA index, quickened to 0.52% last month from 0.43% in October.

• Tuesday, November 15th 2011 - 06:27 UTC

  Argentine congress October ‘inflation index’: 1.49%, double the official rate

  

  Argentine lawmakers announced Monday the so-called Congressional ‘inflation index” for October which they estimated at 1.49% and is well over double the official Indec index released last week, 0.6%.