PRICE HIKES Argentina’s latest unorthodox tool to combat inflation: Artificial intelligence 05-02-2023 08:31 Argentina has come up with a new tool to keep track of price increases: artificial intelligence.
BILLS, BILLS, BILLS Central Bank approves higher denomination 2,000-peso bill 02-02-2023 17:43 Monetary authority approves move to accommodate the needs of banks and shopkeepers; More than eight billion banknotes in circulation in Argentina, with inflation eating away at value of each.
Price Hikes Report: Argentina has averaged 30% inflation a year over past two decades 01-02-2023 15:19 IDESA private consultancy firm says Argentine state persistently spends 11% above its means, a phenomenon it attributes to mismanagement.
IMF Debt Deal IMF presses Argentina on targets, forecasts 2% GDP growth for 2023 01-02-2023 15:14 International Monetary Fund officials reiterate importance of hitting fiscal and monetary targets; Lender’s forecast for 2022 growth now 4.6%, with Argentina’s economy expected to grow by just 2% this year.
ENERGY Vaca Muerta: Government's ace in the hole against energy price hikes 01-02-2023 10:37 Upward inflationary trend in first three months of year set to continue with further increases in utility prices on the way. But the government is banking on Vaca Muerta and the Néstor Kirchner gas pipeline continuing to pay off.
As I see it On Planet K, inflation is all in the mind 28-01-2023 00:33 To bring things under control, Alberto’s government would have to slow down the printing presses and greatly reduce public spending, measures that, needless to say, it refuses to contemplate. by James Neilson
CRITICISM FROM PONTIFF Pope: ‘Bad policies’ to blame for Argentina’s poverty and inflation 25-01-2023 14:46 Insisting that he is “not doing politics,” Pope Francis uses an interview to criticise high poverty levels and runaway inflation in his homeland, pointing the finger at “bad policies.”
Living with inflation Price hikes continue as Argentina competes for another world title 13-01-2023 15:00 New data shows that Argentina is suffering from one of the worst inflation rates in the world: in 2022, prices increased by an almost unthinkable 94%.
Venezuela Economy Maduro says Venezuela's economy grew 15% in 2022 13-01-2023 12:10 With informal dollarisation and easing of controls, Venezuela's economy has now recorded five quarters of growth between 2021 and 2022 after years of recession and hyperinflation.
Inflation Rises Inflation hit 94.8% in 2022, highest rate in 32 years 12-01-2023 17:34 INDEC reveals that prices increased by 5.1% in December, continuing the general downward trend but accelerating slightly from the preceding month.
ECONOMIC INDICATORS Inflation spiked to three-decade high of 95% in 2022 12-01-2023 16:56 Rising annual inflation, which is expected to exceed 100% in the coming months, has once again become the dominant theme in Argentina.
WHAT LIES AHEAD IN 2023 Economy 2023: inflation and austerity in an election year 11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.
Minister's outlook Economy can grow above 3% while slowing inflation, says Massa 08-01-2023 22:37 Economy Minister Sergio Massa says Argentina can record growth of 3% in 2023 in a feature-length interview with Perfil newspaper.
OPINION 2022: the errors of the economists 29-12-2022 02:31 The time has come to do what economists find so uncomfortable and what I find so useful: the annual balance sheet of predictions by Gustavo González
NEW YEAR APPROACHES World economy faces more pain in 2023 after a gloomy year 27-12-2022 09:56 International Monetary Fund expects the world economy to expand in 2023, with growth of 2.7%. The OECD is forecasting 2.2% growth.
ECONOMIC INDICATORS Inflation spikes to 92% as economic growth picks up 16-12-2022 14:21 Utilities and communications led price increases during the month, while food, the largest category, increased the least, according to official data.
ECONOMIC INDICATORS Inflation slowed to 4.9% in November – lowest figure in nine months 15-12-2022 23:44 According to the INDEC national statistics bureau, prices have increased by 92.4% over the past 12 months; Monthly rate for November less than expected, while quarterly economic growth picked up before government renewed price control scheme
ECONOMIC INDICATORS Argentina sees inflation bouncing back slightly in December 15-12-2022 16:58 Argentina’s Central Bank forecast monthly inflation to accelerate slightly in December on seasonal effects but that won’t derail a disinflation process expected for the country during early 2023, a top policymaker said.
FEATURE COLUMN Cristina candidate, Sergio candidate 03-12-2022 05:02 Cristina Fernández de Kirchner may well have embarked upon a path which will lead to her presidential run. Sergio Massa, looking further ahead, maintains that he will not run. But if his economic experiment succeeds, he may become the natural Frente de Todos candidate for 2023. by Jorge Fontevecchia
ECONOMIC OUTLOOK Analysts forecast 6% November inflation for Argentina 01-12-2022 11:35 Experts in the private sector believe inflation has cooled slightly from previous month, but it won’t be such a marked slowdown. by Lorena Rodríguez
INTEREST RATES Central Bank poised to hold the key rate at 75% into next year 30-11-2022 08:34 Central Bank tracking suggests monthly inflation could slow to about 5.5% in November, down from 6.3% in October.
BATTLE AGAINST INFLATION Fuel suppliers join price control scheme with 4% monthly cap 29-11-2022 11:07 Major oil firms sign up to Sergio Massa’s new price control scheme, agreeing to cap increases in a bid to tackle inflation and keep costs at the pump down.
ECONOMIC OUTLOOK OECD forecasts slowdown for Argentina’s economy in 2023 22-11-2022 14:42 Argentina’s GDP will grow 4.4% this year and by just 0.5% the following; Global GDP will increase 3.1% in 2022 – nearly half the rate of previous year, forecasts Organization for Economic Co-operation and Development.
ECONOMIC INDICATORS Prices have risen by 88% over last 12 months, reveals INDEC 15-11-2022 17:06 Inflation was 6.3% in October, according to national statistics bureau; Price hikes stand at 76.6% since the turn of the year, with 2022 likely to end with a rate in triple digits.
BLOOMBERG – ANALYSIS Argentina’s annual inflation spikes to 88%, topping G20 countries 15-11-2022 17:00 Consumer prices rose 88% in October from a year ago, surpassing Turkey’s 85.5% rate for the highest among Group of 20 nations.
ECONOMIC OUTLOOK Deputy economy minister admits 'hyperinflation risk' 14-11-2022 18:44 "There is a risk of hyperinflation in Argentina, we are having six or seven points of inflation per month. That's why we have to fight day-by-day on all fronts," Gabriel Rubinstein tells local radio station.
BLOOMBERG - ANALYSIS Inflation reaching 100%, lagging wages spur tensions in Argentina 11-11-2022 15:35 Runaway inflation is supercharging the government’s woes as real wages lag, increasing social distress and leading to a record level of protests so far this year.
PRECIOS JUSTOS Massa confirms price controls for 1,400 products on way 11-11-2022 10:40 Economy Minister Sergio Massa reveals that more than 100 companies have signed up to ‘Precios Justos’ price controls scheme, as he admits “the situation is critical.”
INTERVIEW / PERIODISMO PURO Kelly 'Raquel' Olmos: ‘Argentina has an exemplary labour movement’ 05-11-2022 06:10 New Labour Minister Kelly 'Raquel' Olmos on Argentina’s labour movement, employment rights, collective bargaining, and Alberto Fernández’s re-election hopes. by Jorge Fontevecchia
ECONOMIC OUTLOOK Inflation seen peaking over 130% next year, EcoGo says 01-11-2022 21:48 Inflation in Argentina is projected to peak at over 130 percent next year from its current level of 83 percent, according to a new report by Buenos Aires-based consultancy firm EcoGo.
Vice-president on warpath Fernández de Kirchner reignites infighting with inflation jab 26-10-2022 17:37 Vice-President Cristina Fernández de Kirchner reignites infighting in the ruling coalition by criticising price increases authorised by her own government.
POLITICS Government offers food bonus to destitute as price crisis bites 20-10-2022 23:32 Sergio Massa, Fernanda Raverta confirm adults without income will be eligible for 45,000-peso bonus to help meet nutritional needs amid deepening inflation crisis.
ECONOMIC INDICATORS Inflation in September hit 6.2%, prices up 83% over past year 14-10-2022 18:51 No respite from runaway price hikes: inflation in September reached 6.2%, with cost of living over the last 12 months up 83%. Private economists forecast an annual 2022 rate of more than 100%.
BLOOMBERG - ANALYSIS Argentina’s yearly inflation surged to 83% in September 14-10-2022 18:49 Annual inflation surged to a new 30-year high in September as policymakers struggle to tame some of the world’s fastest consumer price increases.
INTERNATIONAL MONETARY FUND IMF urges Argentina against ad-hoc FX policy with 100% inflation 14-10-2022 10:40 With inflation forecasts reaching 100% for the year, IMF Western Hemisphere Director Ilan Goldfajn cautions Argentine officials against “different FX measures or prices."
EDITORIAL The discreet charm of inflation 14-10-2022 09:11 The vested interests benefitting from inflation in Argentina are extremely powerful and go a long way towards explaining its extraordinary persistence.
ECONOMIC OUTLOOK Economists see inflation surpassing 100% by December 07-10-2022 08:23 Private economists in Argentina see prices increasing 100% by December, Central Bank’s latest monthly survey reveals.
Labour unrest Union lifts strike after sealing wage deal with tyre-producing firms 30-09-2022 15:40 Workers at the main tyre-producing factories in Argentina have on strike demanding salary improvements, keeping the production of tires in the country paralyzed.
BLOOMBERG - ANALYSIS Inflation spike shows clock is ticking for Sergio Massa 19-09-2022 16:26 Surge in inflation last month underlines the magnitude of the challenge facing Sergio Massa.
ECONOMY IMF agrees second Argentina loan review, backs US$3.9B payment 19-09-2022 14:33 Multilateral lender reaches staff-level agreement with Argentina over second review, praises "decisive" steps taken by Economy Minister Sergio Massa; Once approved by Fund's executive board, deal paves way for release of US$3.9 billion in funds.
ECONOMIC INDICATORS Inflation woes continue: prices up 7% in August 15-09-2022 23:52 Food and non-alcoholic beverages see highest spikes as purchasing-power continues to plummet; Prices have risen 56.4% since January with annual projections now nearing 100%.
economy Central Bank hikes interest rates to 75% as inflation nears 100% 15-09-2022 23:17 Central Bank boosts benchmark Leliq rate by 5.5 percentage points to 75% in a bid to prop up its currency and curb inflation.
FEATURE Cash-strapped Argentina goes all or nothing on new economy chief 15-09-2022 15:55 New ‘super’ minister has undoubted political clout and scored early wins in Washington – but Sergio Massa’s presidential ambitions depend on avoiding economic meltdown
BLOOMBERG - ANALYSIS Inflation hits 79% ahead of likely rate hike 15-09-2022 15:20 Annual inflation in Argentina surged to 78.5 percent in August, almost certainly cementing another Central Bank interest rate hike as early as this week.
BRAZIL ELECTION 2022 Hunger returns to haunt Brazil amid divisive vote 15-09-2022 02:52 More than 33 million Brazilians live in hunger and the figure has become the subject of a bitter political battle as Latin America's biggest economy heads for a crucial October election.
FEATURE Inflation is upending politics in the most unequal region on Earth 15-09-2022 02:22 In Latin America, persistent high inflation is widening the gap between rich and poor in what is already the world’s most unequal region.
INTERNATIONAL MONETARY FUND 'Inflation tops the list' of Argentina's problem, says IMF director 14-09-2022 09:24 Inflation is the main problem afflicting Argentina's economy, International Monetary Fund (IMF) chief Kristalina Georgieva said Tuesday.
BLOOMBERG Inflation to hit 100% by end of 2022, EcoGo says 07-09-2022 16:20 Economic consultancy firm EcoGo forecasts that inflation will hit 99.6% by the end of the year.
ECONOMIC INDICATORS Food and fuel price rises put pressure on August inflation figure 03-09-2022 15:34 Most analysts and consultancy firms expect price rises totalled at least 6% last month, with some anticipating a monthly rate that’s closer to 7%.
INTEREST RATES Central Bank set to hike rates again on price spike 01-09-2022 01:54 Central Bank set to increase benchmark Leliq rate again next month as annual inflation rises above 70%.