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MercoPress, en Español

Montevideo, September 21st 2024 - 10:05 UTC

Tag: Inflation

  • Saturday, July 8th 2023 - 11:05 UTC

    Inflation projections better than a month ago in Argentina

    Inflation projections better than a month ago in Argentina

    The Argentine Central Bank's (BCRA) monthly Market Expectations Survey (Relevamiento de Expectativas del Mercado - REM) for June released Friday forecasts inflation to reach 142.4% by the end of 2023. The study details the forecasts of institutions, companies, organizations, and specialists on the evolution of the main economic variables.

  • Thursday, July 6th 2023 - 09:53 UTC

    Higher economic growth, less inflation projected in Brazil

    Inflation below expectations stems from the appreciation of the Brazilian Real, Ipea said

    Brazil's Institute for Applied Economic Research (Ipea) has revised its forecasts and now foresees larger economic growth and smaller inflation this year, Agencia Brasil reported.

  • Thursday, June 22nd 2023 - 15:55 UTC

    Fed's Powell questioned in Congress over inflation and bank regulation

    “Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go,” Powell said on Capitol Hill.

    Since inflation in the United States is still excessive, most Federal Reserve officials expect to raise interest rates further this year this year, Chair Jerome Powell told a House committee on Wednesday, who also had to respond about alleged further banking regulations.

  • Thursday, June 8th 2023 - 16:05 UTC

    IMF suggests immigration could help UK with inflation and labor shortage

    IMF's Gita Gopinath told BBC Newsnight that “with inflation as high as it is... there are benefits to having workers come in”

    Immigration that fills gaps in the domestic jobs market can help push down UK inflation, the deputy head of the International Monetary Fund has said. However British prime minister Rishi Sunak has insisted rates of legal immigration are “too high”

  • 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%.