Tag: Inflation

• Saturday, February 12th 2011 - 05:21 UTC

  Who do you believe? CFK’s January 0.7% inflation or private consultants 2%

  

  Argentina’s official and controversial consumer price index in January increased 0.7%, a number disputed by private institutions that argue inflation in the first month of 2011 reached a floor of 2%.

• Wednesday, February 9th 2011 - 20:55 UTC

  Brazilian January inflation highest since April 2005

  

  Brazilian officials say inflation in January was the highest monthly jump in almost six years. The government's IBGE statistics bureau said that January inflation was 0.83%, the biggest monthly jump since April 2005, when inflation was 0.87%.

• Tuesday, February 8th 2011 - 14:29 UTC

  China’s New Year takes off with higher interest rates, third time since October

  

  China's central bank said Tuesday it will increase key lending and deposit rates by a quarter percentage point, effective Wednesday. This is the third People’s Bank of China rise since last October, a move aimed at combating stubbornly high inflation.

• Tuesday, February 8th 2011 - 05:03 UTC

  Argentine industry warns: inflation is like a hard drug that creates “illusions and social tensions”

  

  Argentina’s Industrial Union’s vice president, and FIAT Argentina’s head Cristiano Ratazzi, warned Monday that “inflation is like a drug that creates illusions but also social tensions”.

• Sunday, February 6th 2011 - 20:38 UTC

  Inflation, an old scourge, plagues Argentina again, says NY Times

  

  Argentina is in the midst of a consumption boom, but inflation that old Argentine plague, has once again fully surfaced, writes the New York Times Alexi Barrionuevo from Buenos Aires.

• Sunday, February 6th 2011 - 20:24 UTC

  Inflation in Uruguay picking up pushed by health and food prices

  

  Uruguay’s consumer prices rose in January at the fastest pace since 2008, led by higher health, food and beverages costs, according to the latest report from the National Institute of Statistics, INE.

• Thursday, December 16th 2010 - 18:28 UTC

  Argentina’s top businessman warns about inflation and Chinese investments

  

  Argentina’s most influential businessman warned about the “inflationary escalade” which, if not contained can lead to an unfavourable climate for investments. Paolo Rocca, Techint group CEO made the statements during an entrepreneurs’ forum where he called for “business responsibility”, “clear rules of the game”, “transparency” and questioned the landing of Chinese oil corporations in Argentina.

• Friday, November 19th 2010 - 18:07 UTC

  China imposes second banks’ reserve hike in two weeks

  

  China's central bank has raised the amount of money that lenders must keep in reserve, as it moves again to try to control the country's high inflation. The People's Bank of China said the reserve ratio would go up by a further 0.5 percentage points on 29 November.

• Wednesday, August 18th 2010 - 19:11 UTC

  Bank of England warns about high inflation; rate won’t drop to 2% until mid 2012

  

  The Governor of the Bank of England warned of the dangers of ‘destructive’ high inflation after admitting his surprise that the rise in the UK cost of living continues to overshoot targets, according to a report in the Daily Mail.

• Monday, August 16th 2010 - 05:08 UTC

  Argentina official July inflation, 0.8%; private sector and unions: 1.9%

  

  Argentina’s annual inflation rate in July rose to the highest level since May 2006, led by higher costs for leisure goods and clothing. Consumer prices increased 11.2% from a year earlier and 0.8% from June the national statistics institute Indec, said.