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MercoPress, en Español

Montevideo, September 21st 2024 - 09:08 UTC

Tag: Inflation

  • Thursday, September 19th 2024 - 07:35 UTC

    Bank of England decides on interest rate; UK August consumer inflation, 2,2%

    This Thursday the Bank of England meets to decide on interest rates which stand at 5%, and are expected to remain unchanged

    Consumer inflation in UK during August remained at an annual 2,2%, helped by lower fuel prices together with hotels and restaurant services, as reported by the Office of National Statistics, ONS Wednesday.

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  • Thursday, September 5th 2024 - 10:45 UTC

    Argentina, only country in the region with a contracting economy

    More and more Argentines keep falling daily into poverty or indigence

    Less than a year into the government of Libertarian President Javier Milei, Argentina will be the only country in the region with negative growth in 2024, according to projections by the World Bank, the International Monetary Fund (IMF), ECLAC, and BBVA, which forecast a 3.2% contraction of Gross Domestic Product (GDP) in South America's second-largest economy.

  • Friday, August 30th 2024 - 09:50 UTC

    Argentina makes imports easier to tackle inflation

    “The reduction of the PAIS Tax will imply a reduction of prices in September,” Caputo pointed out

    On Thursday, Argentina's Economy Ministry announced that it would suppress bureaucratic hindrances to importing key industry inputs such as steel, aluminum, and construction materials to “encourage competition and lower costs.” The measure also comes with a reduction in PAIS tax on purchases abroad to further tackle inflation. Representatives of the local steel industry expressed their objections and denounced that relevant safety measures were being disregarded.

  • Monday, August 19th 2024 - 10:18 UTC

    Consumption plunges in Argentina despite Milei's optimism

    Scientia's document also projects declines ranging from 18% to 20% once the figures for the July 29-Aug. 4 week are released

    Consumption in Argentina has dropped below the pandemic and 2001 levels as the South American country's economy continues its erratic behavior under Libertarian President Javier Milei, whose administration depicts a different scenario. A survey conducted by the pollsters Scentia showed the loss of purchasing power and the recession on mass consumption.

  • Tuesday, August 13th 2024 - 07:39 UTC

    July consumer prices up in Brazil; central bank ready to raise interest rates to fight inflation

    Inflation in 12 months through July was 4,50%, up from 4.23% in June, according to IBGE, and the upper limit of the tolerance band for the central bank's target

    Prices in Brazil were up 0.38% in July, stats office IBGE said on Friday, accelerating from the 0.21% increase reported in June and exceeding an economists' poll forecast of a 0.35% monthly rise.

  • Tuesday, August 6th 2024 - 10:16 UTC

    Uruguay's YoY inflation up but still within target range

    Sugar went down 10.81%, the INE reported

    Uruguayan authorities released a report Monday showing that year-on-year inflation stood at 5.45% in July, thus remaining within target range although dangerously approaching its upper limits. According to the National Institute of Statistics (INE), the Consumer Price Index (CPI) recorded a monthly variation of 0.11% and accumulated an increase of 3.73% so far this year.

  • Saturday, July 13th 2024 - 10:22 UTC

    Argentina tops list of LatAm countries with the highest inflation for the 9th straight month

    The CPI went up 4.6% while all the other countries recorded variations below one digit.

    Argentina was found to boast the dubious honor of topping the list of Latin American countries with the highest inflation for the ninth month in a row after Friday's release by the National Institute of Statistics and Census (Indec) of the latest report regarding June's figures. The CPI went up 4.6% while all the other countries recorded variations below one digit.

  • Tuesday, June 25th 2024 - 09:41 UTC

    Brazil's yearly inflation projection adjusted slightly upwards

    According to the Brazilian Institute of Geography and Statistics (IBGE), the IPCA has accumulated 3.93% in 12 months

    Brazil's Central Bank (BCB) Monday released the latest edition of its Focus Bulletin showing a slight upward adjustment in the Broad National Consumer Price Index (IPCA) from 3.96% to 3.98% this year, Agencia Brasil reported. The index is considered the country's official inflation. The weekly survey among leading financial institutions also projected an increase from 3.8% to 3.85% next year while for 2026 and 2027 the forecasts were 3.6% and 3.5% respectively.

  • Wednesday, May 22nd 2024 - 10:55 UTC

    Argentine province of Misiones on the brink of collapse over inflation-dwindled wages

    If salaries are not increased to match the country's inflation, Misiones is bound for “a social explosion,” Amarilla warned

    The Northeastern Argentine province of Misiones has been virtually paralyzed for five consecutive days as workers from various walks of life are on strike in demand of inflation-matching wage hikes.

  • Saturday, May 18th 2024 - 10:57 UTC

    Wages keep losing purchase power in Argentina, study finds

    Salaries had outpaced inflation under Alberto Fernández (2019-2023)

    According to a study released Friday in Buenos Airers by the Research and Training Center of the Argentine Republic (Cifra), formal wages took a slump of nearly 15% in the last semester, particularly after the Dec. 13 118.3% devaluation of the local currency once Javier Milei took office as president.

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