”Without consumption we begin to die little by little“, summarizes Gustavo Ávalos, owner of an industrial ink factory in Avellaneda, with the machines stopped due to the collapse in sales in Argentina while costs do not stop increasing. The situation of this businessman from the southeastern periphery of Buenos Aires is repeated throughout the vast […]
Tag: Inflation in Argentina
Argentina registers fuel tax increase and its impact on prices is expected
The Argentine drivers They expect from this Friday a new increase in the price of fuelsanother in the endless list of increases that Argentina will experience in March, in the midst of a serious inflationary situation in the country and a decrease in the purchasing power of salaries. The update of the Tax on Liquid […]
When the value of ice cream is news: Argentines “stunned” between debates and prices
”Everyone is worse“, reads on the plinth of a newscast. “Buying ice cream, a luxury”says the one from another channel. The Argentines live days “Horror” due to skyrocketing prices, while Congress discusses two mammoth reform packages that have them “stunned”. Javier Formoso, 45 years old, is one of them. “Hope? None. From what we are […]
In the face of continued inflation, Argentina will issue 10,000 and 20,000 peso bills
In the heat of unstoppable inflation, the Central Bank of Argentina reported that it will put 10,000 and 20,000 peso bills into circulation starting in June. According to the issuing entity, these new denominations—equivalent to about 12 and 24 dollars, respectively—“They will facilitate transactions between users and make the logistics of the financial system more […]
Argentina closes 2023 with the worst inflation record in more than 30 years
Argentina closed 2023 with 211.4% interannual inflation, the highest figure since the hyperinflation of 1989-1990, in the first measurement of the Government of Javier Milei, who, in his ‘shock’ plan, signed a 50% devaluation of the weight at the beginning of the administration and seeks to deregulate the economy as much as possible. As reported […]
Moody’s expects Milei to seek a more radical change in the energy regulatory framework
The Argentines They chose Sunday, November 19th Javier Milei as its president. Moody’s analyzes the implication – in the various sectors and sovereign level – of the new head of state. Milei identifies as a libertarian and proposes a drastic change in policies to address social and economic problems in Argentina. His proposals include cutting […]
Inflation, poverty, debt and few dollars: a bomb called Argentina
The Argentines They will elect president on October 22, tormented by inflation of almost 140%, with nerves frayed by a currency crisis and public accounts exhausted due to lack of foreign currency, a bomb that will seek to deactivate the government that takes office on December 10. The situation will demand an adjustment whose dimension […]
“Increasingly more complicated”, the Argentine food sector resigns itself to inflation
The usual coming and going of carts loaded with boxes of fruits and vegetables each morning in the Buenos Aires Central Market seems to happen to him like a great earthquake announced the unbridled increase in inflation in Argentinawhere the price of food and non-alcoholic beverages increased by 14.3% in September. “This is going to […]
With three-digit inflation, Argentines juggle to make ends meet
In a stressful fight against inflation of 113% annually, many Argentines They are forced to visit different stores daily in search of the best price for basic goods such as food to defend their dwindling purchasing power. In the midst of a prolonged crisis that has thrown a good part of Argentines into poverty, the […]
Argentina’s financial crisis will ease with a new harvest starting in November
The reserve crisis that led to high exchange rate volatility and higher inflation in Argentina it will begin to recede between November and December, when the new harvest allows for a large inflow of foreign currency, Cabinet chief Agustín Rossi told Reuters on Friday. The country is going through a prolonged financial crisis that this […]