News of indec

Inflation slowdown continues, decelerating to 2.4% in November

Yesterday 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

ECONOMIC INDICATORS

Inflation slowed to 2.7% in October – lowest level in almost three years

12-11-2024 16:59 Consumer prices have increased by 107% in the first 10 months of the year and by 193% over the last year, reveals INDEC bureau.

POVERTY IN ARGENTINA

Extreme poverty soars to affect six million, study shows

12-11-2024 14:19 Destitution rates have grown much faster than poverty in recent years in Argentina. According to a study by the University of Buenos Aires based on government data, more than six million people were not meeting daily nutritional needs in the first quarter of the year.

by Agustina Bordigoni

ECONOMY – ANALYSIS

Argentina inflation slows to lowest under Milei

10-10-2024 16:36 Monthly inflation reached the lowest level since late 2021 in September – a significant win for President Javier Milei.

ECONOMIC INDICATORS

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

ECONOMIC INDICATORS

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.

ECONOMY – ANALYSIS

Poverty soars past 50% in Argentina as Milei austerity hits hard

26-09-2024 17:12 About 52.9% of Argentines were mired below the poverty line in the first half of the year, up from 41.7% in the second half of 2023.

ECONOMIC INDICATORS

Economy grew more than expected in July under Milei

25-09-2024 22:28 Argentina’s economy posted a larger-than-expected upturn in July, a promising sign for President Javier Milei.

ECONOMIC INDICATORS

Economic activity increased 1.7% between June and July, says INDEC

25-09-2024 22:28 Economic activity increased 1.7% between June and July, according to the INDEC national statistics bureau. However, it fell 1.3% in the year-on-year comparison.

ECONOMIC INDICATORS

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.

ECONOMY – ANALYSIS

Argentina posts slightly higher than expected August inflation

11-09-2024 17:01 Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei.

ECONOMIC INDICATORS

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%.

ECONOMIC INDICATORS

Economy contracted in June, recession grinds on

21-08-2024 23:36 Argentina’s economy unexpectedly contracted in June, shrinking for the fourth time in six months.

ECONOMIC INDICATORS

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%.

ECONOMY – ANALYSIS

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.

POLITICS

Guillermo Moreno sentenced to three years in jail for INDEC data falsification

07-08-2024 15:36 Former Domestic Trade secretary Guillermo Moreno has been found guilty of falsifying inflation data and sentenced to three years behind bars and a six-year ban from public office.

ECONOMIC INDICATORS

Argentina's economy posts best month under Milei despite cuts

20-07-2024 17:57 Economic activity rose 1.3% from April, the first month of growth since Milei’s term began in December.

ANALYSIS

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.

ECONOMIC INDICATORS

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.

ECONOMIC INDICATORS

INDEC reports 5.1% Q1 slump in GDP, unemployment on rise

24-06-2024 20:58 Argentina's economy contracted by 5.1% in first quarter, says INDEC; Unemployment hit 7.7% as Milei government’s austerity measures began to kick in.

ECONOMIC INDICATORS

Economy extends downturn amid Milei’s cuts

23-05-2024 00:07 Economy shrank 8.4% in March from a year ago. On a monthly basis, activity dropped 1.4%, according to government data published Wednesday.

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 INDICATORS

Economic activity in Argentina fell 1.6% in 2023, reveals INDEC

22-02-2024 20:36 Economic activity in Argentina dropped 1.6% last year with a 4.5% contraction in December compared to the last month of 2022.

ECONOMIC INDICATORS

Milei, Caputo hail ‘deceleration’ as annual inflation rate exceeds 250%

15-02-2024 14:31 Consumer prices slowed in January to 20.6%, reveals INDEC national statistics bureau; Annual inflation rate reaches 254%.

PRICE HIKES SLOWING?

Celebrations, misgivings as politicians react to inflation data

14-02-2024 22:33 Government allies cheer latest INDEC data showing that consumer price hikes slowed to around 20% last month, while Peronist critics warn of spiralling consumer prices.

ECONOMIC INDICATORS

Inflation surpassed 211% in 2023, reveals INDEC

11-01-2024 16:45 Prices jumped 25.5% in December last year following devaluation of peso; Food prices soared an incredible 251.3% over the last 12 months, says statistics bureau.

INFLATION

High figure expected for INDEC December inflation announcement

08-01-2024 16:26 National statistics bureau set to post December inflation rate, with private consultancy firms expecting it to clear 20% and President Javier Milei hoping for 30%.

ECONOMIC INDICATORS

Economy shrank less than forecast during election

21-12-2023 20:25 Argentina’s economy posted a slight contraction in October, falling 0.1% from a month earlier.

ECONOMIC INDICATORS

Milei kicks off government with 160.9% annual inflation rate

14-12-2023 00:41 Prices soared 12.8% in November, prior to the new president’s inauguration; Concerning increases for health, food and beverages, with dramatic post-devaluation uptick expected next month.

ECONOMIC INDICATORS

Argentina November inflation quickened before Milei devaluation

13-12-2023 23:28 Consumer prices rose 12.8% in November from a month earlier, according to official data. From a year ago, inflation stands at 160.9%.

President on poverty

'Badly measured' – Fernández questions official poverty rate

04-12-2023 13:53 President Alberto Fernández has questioned the INDEC national statistics bureau, saying he think that Argentina’s official poverty rate is “badly measured.”

Living with inflation

Inflation hits new high before presidential run-off vote

13-11-2023 19:05 Inflation rate has hit 143%, just days before a presidential run-off election in which the state of the economy will be a deciding factor.

ECONOMIC INDICATORS

Annual inflation hits 143% before election

13-11-2023 17:51 Inflation in Argentina accelerated last month to its highest annual level since the country was exiting hyperinflation more than three decades ago.

ECONOMIC INDICATORS

Inflation slowed to 8.3% in October, prices up 142.7% year-on-year

13-11-2023 16:06 Inflation slowed in October to 8.3%, reports INDEC; Consumer prices in Argentina up 142.7% over the last 12 months.

FEATURE: SOCIETY & POVERTY

Argentina and the infantilisation of poverty

01-11-2023 05:39 Experts say Argentina is going through a process of “poverty infantilisation” – minors are poorer than the rest of the population, with teens and children in single-parent homes the most vulnerable. Are welfare programmes just a patch or are they preventing the situation from getting worse?

by Sabrina Chemen

ANALYSIS

Inflation surges to 138% ahead of presidential election

12-10-2023 16:50 Inflation jumps to its highest level in three decades, underscoring the extent of the economic crisis that will confront the winner of the country’s presidential election.

Economic indicators

Inflation hit 12.7% in September, annual rate soars to 138%

12-10-2023 16:16 Argentina's national statistics bureau reports that inflation reached 12.7% in September; Consumer prices have risen by 138.3% over the last 12 months and by more than 103% in just the first nine months of the year, according to government data.

EDITORIAL

The poverty of politics

30-09-2023 05:00 One can only tremble at what levels poverty might reach for the second half of this year after last month’s double-digit inflation.

ECONOMIC INDICATORS

More than 40% of Argentines living in poverty, official data shows

27-09-2023 16:36 Data from INDEC national statistics bureau reveals approximately 18.6 million Argentines are now considered poor, with 4.3 million destitute; Poverty affected 40.1% in first half of year; Experts warn figure likely to soar even higher in future given post-PASO devaluation of peso and soaring price hikes.

POVERTY

Poverty on electoral agenda as INDEC prepares to release data

22-09-2023 16:51 National statistics bureau will reveal Argentina's poverty rate on Wednesday, less than a month before the election; Specialists expect rate of 40% or higher.

EDITORIAL

Cheaper by the dozen?

16-09-2023 05:47 While there is more than one reading of Sergio Massa’s tax cuts, all lead to more inflation. If one side of political polarisation blames the fiscal deficit for rising prices and the other business greed, both are simplistic.

ECONOMIC INDICATORS

Government to release inflation estimate on a weekly basis

15-09-2023 21:08 Argentina, which recorded a monthly inflation rate of 12.4% last month alone, will start releasing a weekly consumer price index.

ECONOMIC INDICATORS

Argentina's monthly inflation surges to 12.4%, worst since 1991

13-09-2023 19:56 Consumer prices rose 12.4% in August from July, the highest monthly increase since 1991 when the country was exiting hyperinflation.

ECONOMIC INDICATORS

Inflation in August hit 12.4% – highest monthly rate in 32 years

13-09-2023 16:11 Data from INDEC national statistics bureau shows consumer prices soared by more than 12% last month; First monthly figure to accommodate impact of post-PASO devaluation of peso; Inflation over last 12 months reaches 124.4%.

ECONOMIC INDICATORS

UCA report: Poverty rate would be 50% without welfare support

03-09-2023 10:24 New report from the Catholic University of Argentina’s Social Debt Observatory concludes poverty affects 38.9% of the population; Those under 17 most affected; Without child benefit and welfare support payments from the government, half of Argentina would be poor.

ANALYSIS

Inflation cooled to 113% before election price surge

15-08-2023 16:58 Annual inflation in Argentina eased slightly in July before last Sunday’s stunning election result sent prices soaring.

ECONOMIC INDICATORS

Inflation accelerates again with fears of worse to come

15-08-2023 16:37 Consumer prices rose 6.3% in July and are up 113.4% in the last 12 months; Measurement does not include this week’s devaluation of the official exchange rate, prompting analysts to warn of double-digit hikes in the near future.

ANALYSIS

Argentina monthly inflation slowed in June for second straight month

13-07-2023 16:58 Inflation in Argentina slowed more than expected for a second straight month in June, prolonging a brief respite even as living costs continue increasing at an elevated pace.

ECONOMIC INDICATORS

Inflation in Argentina slowed to 6% in June, reveals INDEC

13-07-2023 16:07 Prices have risen by 115.6% over the last 12 months and by more than 50% in the first half of the year, according to government data.