Tag: Inflation

• Tuesday, March 1st 2011 - 00:07 UTC

  China lowers annual economic growth target from 7.5% to 7%

  

  China's Prime Minister Wen Jiabao says China is lowering its annual economic growth target from 7.5% to 7% and is determined to contain soaring prices. He was speaking in a question and answer session with internet users in what has become an annual online chat. Mr Wen said China needed to ensure that growth was sustainable.

• Monday, February 28th 2011 - 06:50 UTC

  Mercosur central bankers warn task ahead has become “more complicated”

  

  Mercosur central banks’ presidents meeting in Peru last Friday agreed that the task ahead has become ‘more complicated’ because of growing inflationary pressures triggered by soaring food and oil prices.

• Monday, February 28th 2011 - 06:32 UTC

  Inflation challenges Brazil; tighter monetary measures anticipated

  

  Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.

• Wednesday, February 16th 2011 - 22:34 UTC

  Trichet blames Euro-zone inflation spike on emerging economies rapid recovery

  

  The European Central Bank is not surrendering its price stability objective for crisis management policy, the bank's President Jean-Claude Trichet said. He also argued that the recent spike in Euro zone inflation is due to the current rapid economic recovery in emerging markets and not due to the currency bloc's sovereign debt crisis.

• Monday, February 14th 2011 - 23:47 UTC

  Roubini warns of “hard landing” if developing countries don’t control inflation

  

  Nouriel Roubini the New York University professor, who predicted the credit crisis, said China and other emerging markets risk a “hard landing” as they start raising interest rates to fight inflation.

• Monday, February 14th 2011 - 03:36 UTC

  Argentines accept inflation is in the range of 25%, but divided on the causes

  

  A majority of Argentines, 74%, believes that inflation is harming their finances and a similar percentage, 74%, considers the administration of President Cristina Fernandez de Kirchner is hardly interested in the issue, according to a public opinion poll published Sunday in Buenos Aires La Nacion.

• 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”.