News of indicators

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

Purchasing power loss slumps to levels not seen since 2001 crisis

28-11-2024 00:06 Soaring utility bills and basic shopping-basket prices have eroded the capacity of families to buy everyday goods. Minimum wage has fallen 28% in terms of purchasing power over last 12 months, UBA report finds.

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.

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 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.

Argentina's recession deepened as Milei shock therapy stung

19-09-2024 00:34 Economy sunk deeper into recession in second quarter as ripple effects from currency devaluation and austerity exacerbated a downturn. 

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

55% of Argentina’s population below poverty line, says UCA body

05-09-2024 08:53 Extreme poverty affected 17.5% of people in first half of 2024, reports private observatory from the Catholic University of Argentina (UCA).

UNICEF: 1.5 million children miss a meal each day in Argentina

14-08-2024 14:50 According to the UN children’s agency, 4.5 million adults in Argentina struggle to cannot come up with all meals either as a consequence of economic difficulties.

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.

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.

Inflation slowed to 4.2% in May, lowest monthly rate in two years

13-06-2024 16:11 Monthly inflation drops below five percent for the first time in more than two years, decelerating for the fifth consecutive month.

Monthly inflation slows to single digit: 8.8% in April

14-05-2024 16:13 Inflation dropped below 9% in April, reveals INDEC; Boost for Milei government but cost of living still rose 65% in the first four months of the year and totals 289.4% over the last 12 months.

Industrial output, construction plunge amid recession

08-05-2024 21:41 Construction activity also plunged 42 percent in March, its worst annual decline since mid-2020 when the country was in a strict lockdown due to the pandemic.

Inflation slowed to 11% in March, annual rate hits 287%

12-04-2024 16:56 Consumer price hikes continue to slow, but remain in double digits. Education records highest increases, rising 52.7 percent as increases as new school year begins.

Monthly inflation slowed more than expected in March

12-04-2024 16:35 Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight month.

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.

Argentina sees first monthly budget surplus in 12 years

18-02-2024 11:46 Argentina recorded first monthly budget surplus in nearly 12 years in January, the Economy Ministry says in a statement.

IMF sharply cuts Argentina’s growth forecast on Milei’s plan

30-01-2024 19:14 The government’s push to cut down on spending is “absolutely needed” to rein in inflation, which the IMF estimates will slow down to near 150 percent a year by December. 

Economy posted mild contraction amid run-off election

23-01-2024 22:40 Economic activity in November fell 1.4% from October, according to government data. From the same month a year earlier, activity fell 0.9%.