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MercoPress, en Español

Montevideo, November 24th 2024 - 06:48 UTC

Tag: Inflation

  • Monday, January 8th 2024 - 12:29 UTC

    Uruguayan authorities project 4.9% inflation for 2024

    The Committee bringing together the Economy Ministry and the Central Bank reviewed the evolution of inflation, the expectations of all economic operators, and the projections for the monetary policy

    Uruguayan authorities forecast a 4.9% inflation for 2024 while the target range will remain between 3 and 6%, the Macroeconomic Coordination Committee reported in Montevideo.

  • Friday, January 5th 2024 - 10:15 UTC

    Uruguay: Inflation within target for first time in many years

    “The CPI for December 2023 registered a monthly variation of -0.11%,” Uruguay's INE said in its report

    Inflation in Uruguay during the year 2023 amounted to 5.1%, it was reported in Montevideo. The South American country's lowest rate in 18 years was achieved mainly thanks to prices reasonably stable in household goods, transportation, and communications, it was explained by the National Institute of Statistics (INE). The Consumer Price Index (CPI) grew only 4.9% in 2005.

  • Tuesday, January 2nd 2024 - 10:00 UTC

    Low food prices and high interest rates behind Brazil's waning inflation

    Braz fears that if the government is unable to meet its budget target in 2024, a devaluation of the real might ensue

    After Brazil's statistics bureau IBGE (Brazilian Institute of Geography and Statistics) released the inflation for 2023 in the South American country (4.72%), Agencia Brasil delved into the possible reasons behind this achievement and determined that low food prices and high interest rates played a significant role.

  • Friday, December 29th 2023 - 10:55 UTC

    Paraguay's BCP meets inflation target for 2023

    For next year, the BCP also foresees inflation around 4%, Mora pointed out

    Paraguay's Central Bank (BCP) confirmed Thursday in Asunción that after 2 years of overshooting the target, inflation in 2023 resulted according to plan. After the Consumer Price Index (CPI) exceeded 6% in 2021 and 2022, it ended at 3.7% in 2023. The BCP had set a 4% cap for the current exercise and could thus herald hopeful expectations for the year ahead.

  • Tuesday, December 26th 2023 - 10:44 UTC

    Argentina's BCRA planning larger-denomination bills

    Large wads of AR$ 1,000 bills are commonplace in today's Argentina

    Argentina's Central Bank (BCRA) is entertaining the possibility of issuing AR$ 20,000 and 50,000 bills in a move to keep up with inflation and eliminate the need for large wads of banknotes for nearly every cash transaction.

  • Friday, December 22nd 2023 - 10:28 UTC

    Argentina makes payment to IMF through CAF loan

    Argentina is said to be looking at fewer surcharges from the IMF next year

    Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.

  • Friday, December 15th 2023 - 10:55 UTC

    Argentina: Inflation is 1% daily, Caputo says

    Argentina needs an orthodox fiscal policy, Caputo explained

    Argentine Economy Minister Luis Toto Caputo said Thursday that inflation in his country stood already at 1% per day and insisted that measures were being taken to get out of this “financial catastrophe” through a classic orthodox stabilization plan. “We are in that process, but we are very confident,” he stressed.

  • Thursday, December 14th 2023 - 10:09 UTC

    Argentina: CPI 12.8% up in November and 160.9% YoY

    JP Morgan foresees a slow recovery next year

    Argentina's National Institute of Statistics and Census (Indec) released a report Wednesday stating that the Consumer Price Index (CPI) for November 2023 went up 12.% for a total of 148.2% so far this year and an interannual increase of 160.9%. November's figures represented a strong jump from October's 8.3%.

  • Friday, December 8th 2023 - 10:10 UTC

    IMF official highlights importance of BCRA in tackling inflation

    Kozack acknowledged Argentina's very “fragile social conditions”

    International Monetary Fund (IMF) Communications Director Julie Kozack Thursday insisted during a press conference at the agency's headquarters in Washington that Argentina must have a “strong and credible” Central Bank to reduce inflation under future President Javier Milei. In Kozack's view, high prices are one of the most important imbalances the country needs to tackle.

  • Tuesday, November 14th 2023 - 09:19 UTC

    Argentina's monthly inflation back to one-digit figures

    The latest Indec data was released less than a week before the presidential runoff between Milei and Massa

    Argentina's National Institute of Statistics and Census (Indec) announced Monday in Buenos Aires that October's Consumer Price Index (CPI) stood at 8.3% for a 142.7% year-on-year. These results showed a return to one-digit monthly inflation after 12.7% in September and 12.4% in August for an accumulated 120% in the first ten months of 2023, Indec also noted.