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MercoPress, en Español

Montevideo, December 5th 2025 - 16:43 UTC

Tag: Inflation

  • Thursday, June 8th 2023 - 16:03 UTC

    OECD: UK inflation highest this year; BoE rate could peak 5,25%

    Among countries analyzed in the OECD economic outlook, only Argentina (125%) and Turkey are expected to have a higher headline rate than the UK this year

    OECD, the Organization for Economic Cooperation and Development anticipated the UK will experience the highest level of inflation among all advanced economies this year. UK is set to report a headline inflation of 6.9% this year, above the OECD average of 6.6% for 2023.

  • Tuesday, June 6th 2023 - 10:32 UTC

    Falklands: with an inflation index of 6,1%, salaries increase in budget of 3%, trigger long debate

    MLA Roberts had earlier noted that the 3% cost of living award proposed for government employees did not reflect “the real terms increase which we know is 6.1% at September RPI”

    It briefly appeared the Falkland Islands Budget process was going to be delayed this year when MLA Leona Roberts supported by MLA Mark Pollard asked for “elements” of the 2023 Budget to be taken back to Budget Select Committee for further public consultation and engagement.

  • Tuesday, May 23rd 2023 - 11:42 UTC

    Argentina introduces new banknote amid high inflation

    The new banknote features the images of Cecilia Grierson, the first female physician to graduate in 1889, and Ramón Carrillo, promoter of social medicine.

    Argentina launched the AR$ 2,000 banknote on Monday, with a value slightly exceeding US$ 4 in the unofficial exchange rate. It will be the highest denomination banknote in a country where year-on-year inflation has reached 108%.

  • Tuesday, May 16th 2023 - 10:59 UTC

    Argentina: “Blue” dollar goes back up after Massa's new measures

    The unofficial dollar reached AR$ 483 on Monday after Sunday's announcements

    As Argentina raised the interest rate to 97% and adopted other measures such as the opening of food imports to control inflation while at the same time further restricting people's access to foreign currency, the “Blue” (a euphemism for “black market”) dollar rose again Monday to AR$ 483, it was reported in Buenos Aires.

  • Monday, May 15th 2023 - 10:38 UTC

    Argentina to import food to curb price hikes

    Food accounted for much of the inflation the Argentine government is unable to control

    Argentine authorities Sunday announced a set of measures to tackle inflation, which include more active involvement in the foreign exchange market. But the most striking of them all was the opening of food imports at zero tariffs to hit local producers who over-benefitted from protectionism.

  • Saturday, May 13th 2023 - 10:58 UTC

    Argentina: April's monthly inflation set at 8.4%

    Prices go up “just in case,” President Fernández explained before the Indec announced April's results

    Argentina's National Institute of Statistics and Census (Indec) Friday announced that inflation for the month of April of 2023 was 8.4%, way above all projections. Interannually, the Consumer Price Index (CPI) reached 108.8% and the accumulated variation in the first four months of the year was 32%. It is the highest monthly inflation since April 2002 (10.4%) and the highest year-on-year figure since 1991. Since Alberto Fernández took office in December 2019, prices increased 448%.

  • Friday, May 12th 2023 - 10:30 UTC

    Despite fears of recession and bank failures, US economy manages 4,9% inflation and unemployment stands at 3,4%

    While prices for milk, airline tickets and new cars fell during April, housing, petrol and used car prices all jumped from March to April

    Inflation in the US has fallen to 4,9%, in the twelve months to April, according to official figures. That was down from 5% in March and marks the tenth month in a row that price rises have slowed.

  • Saturday, May 6th 2023 - 10:54 UTC

    Central Bank report corrects Argentina's inflation projections upwards

    For the next twelve months, the REM anticipates inflation will reach 146.5%.

    According to the Argentine Central Bank's (BCRA) Market Expectations Survey (Relevamiento de Expectativas de Mercado - REM) report published Friday, the panel of economists issuing that document has made an upward correction to their inflation forecasts for 2023, placing it at 126.4%, or 16.4 percentage points above April's projections, while last month's Consumer Price Index (CPI) is believed to be of 7.5%. The National Institute of Statistics and Census (Indec) will release the official data on May 12.

  • Tuesday, April 25th 2023 - 12:57 UTC

    “Blue” dollar hits AR$ 462 in Argentina

    In this scenario, the AR$ 300 agrodollar would be insufficient to yield the results the government expected

    The “blue” (a euphemism for “black market”) dollar went up another AR$S 20 Monday to close at AR$ 462 and somehow match inflation in other items of the country's economy, which it was lagging.

  • Monday, April 24th 2023 - 17:02 UTC

    Argentine inflation has the country printing money in France, Malta, Spain, China and Brazil

    The 1,000 Pesos bill was first launched in November 2017. At the time was equivalent to US$ 57, but currently US$ 4,47 at the official rate, and US$ 2,35 in the street or blue market.

    The explosive inflation situation in chaotic Argentina, close to 120% in twelve months, with the CPI at 7,7% in March ( and roaring during the three weeks of April) is showing that the country is incapable of supplying the necessary demand for bills and thus must appeal to the printing in foreign mint houses, of billions of Argentine bills.