Brazil's yearly inflation has been projected to reach 5.92% by the end of 2022, a 0.01% increase from last week's estimates, according to the Central Bank's (BCB) bulletin released Monday, while the Gross Domestic Product is expected to close at 3.05%.
Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.
Brazil's Economy Ministry Thursday released its Macrofiscal Bulletin, which showed that inflation for the year 2022 is projected to amount to 5.85%, an improvement from the previous 6.3% forecast.
Chancellor of the Exchequer Jeremy Hunt will unveil this Thursday before Parliament his long-awaited Autumn budget statement, having anticipated to the UK population that “we will be asking everyone for sacrifices.”
Argentina's inflation reached 6.3% in October for an 88% interannual result, according to the latest report from the National Institute of Statistics and Census (Indec). According to current projections, it may reach 100% by the end of the year.
Only six days before the beginning of the World Cup, which has Argentina as the great favorite, the Minister of Labor, Employment and Social Security of that country, Kelly Olmos, did not hide her enthusiasm for the World Cup in Qatar and said: “Then we continue working on inflation, but first let Argentina win”.
Chile's inflation in October reached 0.5 % over the previous month, the National Statistics Institute (INE) reported this week. The new figure means an accumulated 11.4 % in the first ten months of 2022 and 12.8 % interannually.
Salaries in Argentine rose 6.5% on average in August 2022, the National Institute of Statistics and Census (Indec) reported Monday. According to these figures, incomes were below the 7% inflation rate for the same month.
By Andrés Velasco – Several central banks that began raising interests well before US and Euro-zone policymakers are still facing persistent inflation. But it was the right choice, because inflation was always likely to prove stubborn in today’s conditions, and waiting would have required even larger hikes later, with a heavier output cost.
Argentine media reported over the weekend that ultraliberal Congressman Javier Milei might make it to the runoff in next year's presidential elections, which would bring an end to the polarization between the leftwing Peronists of the Everybody's Front (Frente de Todos - FdT) and the center-leftists of Together for Change (Juntos por el Cambio - JxC).