News of economic

INDEC reveals Argentina's 2024 inflation rate: 117.8%

14-01-2025 16:38 Annual inflation nosedives in boost for Milei; Prices rose 2.7% last month, reports INDEC; Bureau’s data shows inflation fell almost 94 points year-on-year.

Poverty affected 28.1% of portenos in Q3 2024

14-01-2025 14:40 Nearly 900,000 porteños were considered poor in the third quarter of 2024, according to City Hall statistics bureau.

Trump’s inauguration and another Davos dash – Milei's upcoming trips

03-01-2025 14:13 Argentina's President Javier Milei will see in the New Year with two pivotal trips: a visit to Washington to attend Donald Trump's inauguration as US president and a second appearance at the World Economic Forum in Davos, Switzerland. 

Economy expanded faster than expected in October

24-12-2024 06:52 Argentina’s economy expanded more than expected in October, according to official data.

Argentina exited recession as Milei eyes growth before midterms

16-12-2024 21:22 Argentina emerged from a brutal recession in the third quarter; Gross domestic product expanded 3.9% from July to September compared to the previous three-month period, better than analysts’ expectations.

Inflation slowdown continues, decelerating to 2.4% in November

11-12-2024 16:08 Data from the INDEC national statistics bureau shows consumer prices increased by 2.4% last month, below the expectation of analysts and markets.

by James Grainger

Clamour for pesos leads banks to tap repo market

23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.

Top private bank Galicia expects lending business to surge

23-10-2024 11:36 Galicia, Argentina’s largest private bank, is expecting loaning business to surge in the portfolio, a sign of what some say is economic recovery in Argentina.

Monthly inflation slows to lowest level since November 2021

10-10-2024 16:17 Consumer prices rose 3.5% in September; Annual inflation now at 209%, with hikes of 101.6% so far this year.

by James Grainger

70% of workers in Argentina were earning under 550,000 pesos a month in June

08-10-2024 11:17 Seven out of every 10 households were earning less than a million pesos a month in June, according to INDEC data.

Unemployment in Argentina affected 7.6% in Q2

20-09-2024 09:41 Report by INDEC national statistics bureau shows joblessness stayed in line with 7.7% recorded in first quarter, but rate is up from 6.2% seen in second quarter of 2023.

Economic activity slumped 3.4% in first half of 2024, reports INDEC

19-09-2024 00:48 Recession deepens with 1.7 percent contraction in second quarter of the year; Economic activity down 3.4% overall in first half of 2024.

Inflation rises slightly to monthly 4.2%, dashing government hopes

11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.

Nine months in, the economic data alarming Milei's government

09-09-2024 22:25 President Javier Milei has closed the third quarter of his administration with Argentina’s economic activity in poor health. He has notched up some achievements – exchange rate stability and a slowdown in inflation, for example – but the loss of purchasing power and increased unemployment are worrying.

by Gonzalo Martínez

Inflation slowed to 4% in July, lowest monthly rate of Milei era

14-08-2024 17:02 Latest figure from INDEC national statistics bureau indicates consumer prices are continuing to slow, but annual rate remains at staggering 263.4%.

Inflation slows to lowest level since 2022 under Milei

14-08-2024 16:47 Consumer prices rose 4% in July from a month earlier, while annual inflation slowed to 263.4%, according to government data.

Argentina inflation snaps Milei’s five-month slowdown streak

12-07-2024 16:30 Argentina recorded the first monthly pick-up in inflation of the year, marking a slight reversal of the downward streak President Javier Milei has put in motion.

Inflation accelerated slightly to 4.6% in June, says INDEC

12-07-2024 16:23 Inflation rose slightly in June from previous month, by 0.4 points; Consumer prices rose 4.6% overall in June and have soared 271.5% in the last 12 months.

Milei’s austerity plan pushed Argentina into recession in first quarter

24-06-2024 17:42 Gross domestic product fell 2.6% compared to the fourth quarter of 2023, according to official government data published Monday. Activity contracted 5.1% from a year earlier.

Congress win pressures Milei to deliver on economic promises

21-06-2024 06:12 Javier Milei’s win in Congress has started the clock ticking. Argentina’s president needs achievements to convince a society that is impatient for economic change that better times are around the corner.