Argentina formalized this Monday the increase in its reference interest rate, from 91% to 97%, to encourage investment in pesos, as part of a plan of measures to combat inflation that left “little taste”among market operators, who take it for granted that prices will accelerate beyond the 108.8% annual rate registered in April. Although the […]
Tag: Inflation in Argentina
Inflationary and exchange rate tension in Argentina grows six months after the elections
The tension generated by the inflationary and exchange rate cocktail that Argentina It is increasing with six months left before the presidential elections are held and without either the government or the political opposition sectors giving clear signals on how they intend to resolve the deep macroeconomic imbalances in the South American country. The week […]
Argentina will import banknotes from Paris, Malta and Brazil due to high inflation
The Argentine Mint (CMA), a state company in charge of printing paper money and other public documents, will import banknotes from Paris and Malta, which use subcontracted suppliers in Spain and China, and from Brazil, company spokespersons confirmed to EFE. this Wednesday. The company, which reports to the Argentine Ministry of Economy, will import 1,000 […]
Uncontrolled inflation in Argentina reaches 102.5% in 12 months to February
The retail price index in Argentina It increased 6.6% in February over January and exceeded 100% in 12 months, according to data from the INDEC statistical institute published on Tuesday. Inflation reached 102.5% in the last rolling year, one of the highest records in the world, although the phenomenon is chronic after almost 50 years […]
Cristina Fernández says that Argentina has to “review” the agreement with the IMF
The Argentine Vice President, Cristina Fernandezsaid this Friday that Argentina he is going to have to “review” the conditions of the agreement with the International Monetary Fund (IMF) for a debt of 45 billion dollars that it signed a year ago. “We are going to need the political leaders in Argentina to be united together […]
Argentina faces a drop in consumption amid high inflation
Sales in small and medium businesses of Argentina registered a year-on-year contraction of 0.9% last February, which occurs in the midst of high inflation in the South American country. According to a report released this Sunday by the Argentine Confederation of Medium Enterprises (CAME), retail sales of small and medium-sized enterprises (SMEs), measured at constant […]
The Argentine economy lost momentum in 2022 and faces icy forecasts
The economic activity of Argentina it managed to grow 5.2% last year, well below the strong recovery registered in 2021, and faces forecasts of further cooling for this year, given the persistent imbalances that afflict the South American country. Economic activity slowed down significantly last year compared to the growth levels of 10.4% that had […]
Prices in Argentina rose 98.8% year-on-year in January
consumer prices in Argentina experienced a year-on-year rise of 98.8% last January, 4 percentage points more than last December, the National Institute of Statistics and Censuses (Indec) reported on Tuesday. In the first month of the year, consumer prices grew 6% compared to last December, evidencing an acceleration with respect to the rate of 5.1% […]