News of inflation

Postcards of a crisis: youth unemployment and working into old age

06-05-2025 12:20 According to data from Argentina's Human Capital Ministry, 19.4% of young people aged 18 to 24 are unemployed. Meanwhile, greater numbers of older adults are continuing to work into their later years, or looking for work, out of necessity.

by Agustina Bordigoni

Editorial

Will April showers bring May flowers?

03-05-2025 07:45 Critics of the exit from the ‘cepo’ currency and capital controls argue that it opens the door to speculative peso-dollar shuffles. Whether or not they are right will go much further towards defining the outcome of the October midterms than any cultural battles.

POLITICS & LABOUR

Milei sets end of inflation timeline amid union unrest

30-04-2025 21:13 CGT stages pre-May Day march to reject austerity policies; President Milei declares his government “best in history,” vows end to inflation by mid-2026.

IMF SUPPORT FOR MILEI

Georgieva urges Argentina to ‘stay the course’ with economic reforms

24-04-2025 15:43 IMF holds firm on 5.5% growth forecast despite global risks and trade uncertainty.

ECONOMIC INDICATORS

Economy grew more than expected in February

23-04-2025 22:47 Economic activity rose 5.7% in February year-on-year, reveals data from the INDEC national statistics bureau.

ANALYSIS: SHOCK THERAPY

Milei risks reigniting inflation by floating Argentina’s peso

16-04-2025 12:35 Decision to ease currency controls is having an impact in the real economy. Retailers and importers are cautiously adjusting their prices as the peso weakens. And some fear it could spark inflation.

ECONOMIC INDICATORS

INDEC reveals uptick in inflation: Prices up 3.7% in March

11-04-2025 16:25 Inflation soared in March, accelerating to 3.7% – a second straight monthly rise; Consumer prices up 55.9% over the past 12 months, by 8.6% so far this year.

ANALYSIS: SHOCK THERAPY

Traders bet on weaker peso as Milei’s IMF deal looms

26-03-2025 21:39 Investors see Argentina’s peso on the verge of devaluation again, but for Javier Milei, such a step could prove costly – especially ahead of midterm elections in October.

ANALYSIS: SHOCK THERAPY

Milei’s inflation miracle distorted by obsolete items in index

19-03-2025 17:12 Calls are getting louder for President Javier Milei’s government to redo the make-up of the consumer price index for the first time in two decades.

ECONOMY – ANALYSIS

Argentina disinflation stalled despite strength of the peso

15-03-2025 10:52 Economists surveyed by Argentina’s Central Bank expect year-on-year inflation to plunge to 23% this year.

ECONOMIC INDICATORS

Consumer prices rose 2.4% in February, reveals INDEC

14-03-2025 18:11 Inflation inches up, rising 0.2 points from 2.2% recorded previous month; Prices up 2.4% in first two months of year, by 66.9% over last 12 months.

ECONOMIC INDICATORS

Inflation in Buenos Aires City slowed to 2.1% in February

12-03-2025 16:26 Consumer prices slowed by one point last month from January; Inflation in capital in first two months of year totals 5.3%.

INFLATION WOES

Brazil prices jump the most since 2022 in fresh blow to Lula

12-03-2025 11:53 Official data released Wednesday by Brazil's government showed consumer prices shot up 1.31% in February, the monthly biggest rise since March 2022.

ECONOMIC INDICATORS

Argentina's GDP shrank less than expected in 2024

26-02-2025 11:44 Argentina beats the World Bank's projection and shrinks GDP by just 1.8 percent as part of Milei's self-proclaimed "largest fiscal adjustment in history."

HOUSING & REAL ESTATE

Mortgages triple as Milei reignites housing market

20-02-2025 15:22 Home loans make a comeback as demand for housing soars following lowered inflation rate and heightened optimism among Argentines and market traders.

POPULARITY PLUMMET

Why Brazil's Lula is bleeding support

18-02-2025 12:00 Brazil's leftist president embarks on a national tour of interviews and public appearances as supporters lose faith in his economic policies and the far-right emboldens worldwide.

ANALYSIS

Argentina inflation hits lowest level since mid-2020

13-02-2025 16:41 Annual consumer price hikes dip below 100% for the first time in two years as Milei continues to tame inflation.

ECONOMIC INDICATORS

Inflation slowed to 2.2% in January – lowest rate in four-and-a-half years

13-02-2025 16:06 Boost for President Javier Milei and Economy Minister Luis Caputo as inflation slows to 2.2%; Consumer prices have risen 84.5% over the past 12 months, according to government data.

Editorial

Super size peso

08-02-2025 06:46 The peso is a palpably overvalued currency. Denialism is not the solution but nor is devaluation.

NEW IMF DEAL ON WAY?

IMF: ‘Constructive discussions’ ongoing with Argentina over new deal

06-02-2025 22:59 Markets move on rumours of new deal with the International Monetary Fund, which again praises “enormous progress” made by Milei administration.

MONETARY POLICY

Central Bank cuts key rate to 29% as peso depreciation slows

30-01-2025 23:43 Central Bank cuts benchmark interest rate by 300 basis points to 29%.

BLOOMBERG - ANALYSIS

Milei back in Davos after racking up victories in Argentina

21-01-2025 09:39 Argentina's president has achieved what few considered possible just a year ago. Will he be able to overcome even bigger challenges in 2025?

ECONOMIC POLICY

Milei touts 'promises kept' after rare budget surplus

18-01-2025 10:21 Economy Minister Luis Caputo confirms Argentina's budget surplus, which amounted to 0.3% of GDP, was the first since 2010.

Editorial

Brave new world or tempest?

18-01-2025 06:49 Slaying the inflationary dragon is both the cornerstone of Milei’s economic policy and the key to electoral success, but the sequence between lower inflation and electoral triumph is not so linear.

ECONOMIC INDICATORS

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.

ECONOMIC INDICATORS

City inflation accelerated slightly to 3.3% last month

09-01-2025 13:50 Consumer prices rose 3.3% last month due to increases in services; City Hall data shows that inflation over the last 12 months totalled 136.7% in 2024.

ANALYSIS

Inflation unexpectedly cools in another Milei victory

11-12-2024 16:39 Argentina’s monthly inflation rose less than expected in November, handing President Javier Milei another victory.

ECONOMIC 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

President's address

Milei vows to axe capital controls and negotiate Trump trade deal

11-12-2024 09:50 President Javier Milei promises to lift capital and currency controls next year and negotiate a free-trade agreement with the United States once Donald Trump takes office.

MILEI'S FIRST YEAR

Milei promises inflation will be a 'bad memory' in first anniversary speech

10-12-2024 23:45 President touts US trade deal with Trump, vows to remove currency controls and says “happy times” lie ahead in national broadcast marking first year in office.

SOCIETY

Pensioners the biggest losers of Milei’s first year in office

09-12-2024 13:20 Some five million retirees in Argentina receive just a minimum pension and bonus payment amounting to some US$320, just a third of the estimated living cost for an older adult.

365 days of Javier Milei

One year in, Milei yet to fulfill key economic campaign promises

09-12-2024 12:53 Dollarisation, the removal of the ‘cepo,’ and the closure of the Central Bank – though he has tamed inflation, President Javier Milei has yet to deliver on key economic promises in his first year in office.

ANALYSIS: SHOCK THERAPY

Betting on Milei, investors choose longer duration

27-11-2024 12:43 Investors are extending the duration of their peso savings and investments, signalling confidence in President Javier Milei.

BLOOMBERG - ANALYSIS

Javier Milei is giddy about Trump and his own accomplishments

18-11-2024 17:23 Almost one year into office, Javier Milei is, to the shock of pundits, having a moment. Not only does he have an ally back in the White House but on the economic front, he’s been racking up the victories.

Analysing Argentina

Milei, in the best of all possible worlds

16-11-2024 05:00 Everywhere he looks, Javier Milei sees good news, which he takes as confirmation that he has chosen the right path.

by Marcelo J. García

NEW BANKNOTES

Milei administration introduces 20,000-peso bill to Argentina

13-11-2024 00:38 A dinner in an average restaurant costs around 20,000 pesos and it can now be paid with this banknote bearing the image of liberal politician and writer Juan Bautista Alberdi.

ECONOMIC OUTLOOK

Argentina in ‘transition’ to growth, says top World Bank official

12-11-2024 22:21 Top World Bank official William Mahoney praises advances by President Javier Milei's government and says Argentina is "in transition" towards the recovery of growth.

ANALYSIS

Milei hints at FX policy move after inflation slows below 3%

12-11-2024 17:23 Inflation slowed more than expected last month to its lowest level in three years, buoying an already ebullient President Javier Milei.

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.

ANALYSIS – SHOCK THERAPY

Traders bet big on Milei crushing 200% inflation in Argentina

06-11-2024 19:24 President Javier Milei’s fight against inflation is showing mixed results. Investors are hopeful yet cautious as they bet on sharper declines next year.

Economic - Analysis

Global public debt to hit US$100 trillion by end of 2024, IMF says

16-10-2024 06:53 Global public debt risks of rising to US$100 trillion by the end of 2024, warns International Monetary Fund.

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

Buenos Aires City reports September inflation rate of 4%

08-10-2024 06:38 There was a slight slowdown from 4.2 percent in August.

ECONOMIC OUTLOOK

OECD forecasts Argentina's economy will contract 4% this year

25-09-2024 08:53 OECD experts worsen forecast for Argentina's economy, predicting GDP contraction of 4% this year and annual inflation of 147.5%.

MILEI IN NEW YORK

Milei lays out clearer currency path as his popularity begins to dip

24-09-2024 11:05 In his Wall Street debut, Javier Milei tells investors at the New York Stock Exchange that currency restrictions will be lifted “when the rate of inflation in the macroeconomic programme is zero.”

BUDGET PROPOSAL

Milei projects inflation plunging to 18% by end-2025

16-09-2024 00:05 President Javier Milei estimates annual inflation will slow to 104.4% by the end of this year and 18.3% by December 2025, according to his first budget proposal.

ECONOMY – ANALYSIS

Worrying data behind August inflation rate and projections for September

15-09-2024 05:13 Consumer prices rose 4.2% in Argentina in August – above government and private forecasts. A look at the causes and projections with economic analysts.

by Luis Machado