News of february

Sales down 3.5% in February as consumption continues to fall

25-03-2024 17:48 Data supplied by the CAC Chamber of Commerce and services exposes continuing fall in consumer spending.

ANALYSIS

Monthly inflation slows to 13% as Milei’s cuts bite

12-03-2024 16:45 Inflation in February slowed for a second consecutive time as the impact of December’s large peso devaluation fades and President Javier Milei’s austerity measures push the economy into recession.

Economic indicators

Boost for Milei: Inflation slowed to 13.2% in February

12-03-2024 16:12 Good news for President Javier Milei as INDEC data shows February inflation of 13.2%, below estimates; Prices have increased by 276.2% over the last 12 months in Argentina.

ECONOMIC OUTLOOK

'Very complicated': Milei warns inflation rate for March could be high

11-03-2024 14:29 Argentina’s president says consumer price hikes are slowing and that he “is convinced” battle against inflation will be won.

ECONOMIC OUTLOOK

Analysts improve outlook, forecast inflation slowing to 210% in 2024

08-03-2024 10:48 Experts consulted for Central Bank’s REM survey of market expectations lower forecasts for inflation in the next few months, predicting 15.5% rate for February and a 3.5% economic slump this year.

INFLATION

February arrives – and so does the latest batch of price hikes

31-01-2024 17:32 Second month of the year set to deliver further inflation woes for Argentina’s crisis-weary citizens; Transport, utilities, rent and health insurance to rise.

ECONOMIC INDICATORS

Economy stagnated in February as inflation surged past 100%

24-04-2023 18:16 Argentina’s economy stagnated in February, as inflation surpassed 100% for the first time in three decades.

100% INFLATION

Government admits 'unexpected' February inflation data is 'very bad'

16-03-2023 15:13 Presidential spokeswoman Gabriela Cerruti acknowledged Thursday that the latest inflation data released on Tuesday by the INDEC national statistics bureau "is bad, very bad and was not what was expected."

ECONOMIC INDICATORS

INDEC: Prices jumped 6.6% in February, inflation 102.5% over last year

14-03-2023 16:13 Consumer prices jumped 6.6% in February, pushing Argentina’s inflation rate over the last 12 months into the dreaded three digits, according to government data.

ENVIRONMENT

Heat and cold records broken in just five days in Argentina

17-02-2023 22:25 Argentina broke records for heat and cold within a short window of just five days this week, with temperatures plummeting a jaw-dropping 30 degrees Celsius as a heatwave gave way to historic snowfalls.

SWELTERING SUMMER

National Meteorological Service issues health warnings amid record heatwave

11-02-2023 15:17 Buenos Aires residents awoke Saturday to temperatures of 36 degrees Celisus with a predicted high of 38 degrees Celisus, which would be the highest in February in 61 years.