News of inflation

Milei says it could take two years to tame Argentina's inflation

20-11-2023 12:51 President-elect says it will take between 18 and 24 months to bring Argentina's rampant inflation under control as he outlined his plans to reform the economy.

Milei opens a new era: What comes next in Argentina policy-making

20-11-2023 09:25 Milei’s biggest political challenge will be his lack of support in Congress, where his party only counts a minority of senators and a fraction of lower house representatives.

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.

Brazil inflation falls below 5%

10-11-2023 15:08 Brazil's inflation rate fell below 5% per annum in October, officials said Friday, its first decline after three straight jumps, adding to the case for the central bank to continue growth-boosting interest-rate cuts.

Debt, inflation and the peso: Argentina's election worries

17-10-2023 12:27 As Argentines head to the polls on October 22 for a crucial presidential election, candidates have campaigned hard on proposed elixirs for the country's economic ills.

Carlos Melconian: ‘I believe that there is an opportunity because we have touched bottom’

14-10-2023 05:53 Famous for being the “king of metaphor,” Carlos Melconian will be Argentina’s next economy minister if Patricia Bullrich wins the upcoming election. In an extensive interview he explains his integral plan for putting Argentina back on its feet.

by Jorge Fontevecchia

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.

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.

Private study says food prices surged almost 13% in September

03-10-2023 17:24 Food prices increased by 12.8% on average in September, according to a new private study; Some items like sugar have soared by more than 280% in last year, reports Focus Market consultancy firm.

Argentina's economy grew in July despite recession on horizon

27-09-2023 13:02 Argentina's economy broke a four month streak of decline in July, beating estimates and growing at 2.4%.

Adviser details ‘urgent’ economic measures Milei plans for Argentina

21-09-2023 14:48 Darío Epstein, a top economic adviser to the libertarian presidential candidate, questions latest measures announced by Economy Minister Sergio Massa and details Javier Milei’s plan for government.

Less beef, more chicken: Argentines adjust diets due to inflation

20-09-2023 09:28 Customers are digging deep inside their pockets to buy beef, a staple of the Argentine diet, due to a surge in prices which guts consumption.

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.

'We live day-to-day' – Argentines hit by highest monthly inflation in three decades

15-09-2023 06:27 Argentine inflation closed at 12.4 percent, the highest since 1991, while people juggle things around to make ends meet.

Brazil inflation accelerated in August to 4.61%

12-09-2023 14:54 Brazil’s inflation rate rises for second straight month in the wake of trimming of rates by central bank, but food prices decrease.

Inflation in Buenos Aires City reached 10.8% in August

07-09-2023 17:06 Price increases jump double-digits after devaluation of peso; Hikes total 127.3% over last 12 months; Consultancy firm forecasts 130% inflation nationwide in 2024.

Voters toy with ditching pesos for dollars

01-09-2023 15:21 In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, presidential candidate Javier Milei has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.

Central Bank sees monthly inflation spiking above 10%

29-08-2023 14:31 Central Bank estimates consumer prices in Argentina will increase at least 10.6% from July, the fastest monthly rate since more than three decades ago

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.

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.