News of inflation 2023

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

Inflation hit 211% in 2023, fastest gain in three decades

11-01-2024 16:27 Argentina ended 2023 with the fastest inflation in more than three decades as President Javier Milei started to unwind a thicket of currency controls and price freezes imposed by the previous administration.

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.

Living with inflation

A shirt for rice: bartering to survive in inflation-battered Argentina

15-11-2023 11:06 Faced with soaring prices as inflation bites away at purchasing power, ever-increasing numbers of Argentines are turning to bartering to make ends meet.

ELECTION 2023

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.

INTERVIEW / PERIODISMO PURO

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

INTERVIEW / PERIODISMO PURO

Gabriel Rubinstein: ‘A fiscal surplus, sustained over time, is the key to start solving inflation’

14-10-2023 05:49 Argentina’s Economic Policy Secretary Gabriel Rubinstein presents the case for the ruling coalition, argues that inflation is slowing from its post-PASO devaluation-led peak and highlights the importance of the consensus implicit in all the political parties involved in the electoral race.

by Jorge Fontevecchia

EDITORIAL

We’ve got the blues again

14-10-2023 05:20 Regardless of whether Milei is an economic terrorist or whether the government is the architect of its own destruction, the problems caused by the extreme volatility of this week’s four-digit dollar are all too real with panic price increases across the board.

Election 2023

Massa doubles down on ‘plan platita,’ preps new measures

21-09-2023 23:58 Reports say economy minister poised to announce sweeping measure for three million informal workers, as well as tax relief for self-employed shopkeepers, professionals and service providers.

ELECTION 2023

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.

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

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.

DOLLARISATION ON THE CARDS?

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.

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.

BLOOMBERG FEATURE

Next president on a collision course with hyperinflation

08-08-2023 13:25 Decades of failed policies and repeated debt defaults have led the country to 116% inflation. The question is who, if anyone, can avert a crash.

2023 election

Traders go to US for Argentina stocks to hedge election bet

02-08-2023 13:53 Investors are cautiously looking at US-listed shares of Latin American companies with operations in Argentina, anticipating benefits from market-friendly policies after this year's elections, but refraining from direct investment until long-term stability is established.

Economy

Argentina's reserves fall to 17-year low after US$2.6-billion payment to IMF

01-08-2023 16:28 Argentina's Central Bank reserves drop to 2006 levels, raising currency devaluation concerns amid high inflation and an upcoming recession.

Editorial

An accident waiting to happen… and still waiting

28-07-2023 21:51 Not that any open rather than creeping devaluation was to be expected in the final fortnight before the PASO primaries, given its explosive impact on prices in the immediate rather than longer term as well as on the quasi-fiscal deficit with the huge volume of dollar-linked bonds.

As I see it

Presidential candidates remain neck-and-neck

28-07-2023 21:09 If the coming crunch is as painful as some predict, will it be enough to make the entrenched political elite decide that the time has come for whoever is in power to apply policies that have worked well enough elsewhere?

by James Neilson

PASO primaries

The end of the Kirchnerite-Macrista grip on power is nigh

28-07-2023 18:52 It will be interesting to see how the campaign evolves after the primaries, where internally antagonistic forces will have to team up in order to retain an ideologically different electorate. In the aftermath of the election it is probable that both of the major coalitions will fracture.

by Agustino Fontevecchia

ELECTIONS 2023

Lacking results, Massa tries to sustain a possible presidential bid

16-05-2023 16:39 With inflation soaring and damaging his chances of a run for the Casa Rosada, Argentina’s economy minister is shifting back to a political approach

by Rosario Ayerdi

ECONOMIC INDICATORS

Prices rose 8.4% in April, pushing annual inflation rate to 108.8%

12-05-2023 16:06 Consumer prices rose 8.4% last month, reveals INDEC national statistics bureau; Inflation over the last year totals 108.8%, according to official data.

ECONOMY 104,3

Annual inflation rate hits 104.3% after 7.7% jump in March

14-04-2023 16:01 Inflation accelerated to 7.7% in March, INDEC national statistics bureau reveals; Argentina’s inflation rate over the last 12 months now totals 104.3%.

ECONOMIC OUTLOOK

Moody's forecasts 1.5% contraction for Argentina's economy

12-04-2023 13:46 Ratings agency Moody's Investors Service warns of impact of drought on Argentina's economy and predicts inflation will rise to 107% this calendar year.

ECONOMIC INDICATORS

Buenos Aires City recorded 7.1% inflation in March

05-04-2023 14:37 Prices in the nation’s capital have risen 21.8% in first quarter of the year and by 105.5% over last 12 months.

ECONOMIC OUTLOOK

Argentina March inflation seen hitting 7%, challenging Massa

04-04-2023 08:42 Argentina’s monthly inflation likely sprinted in March to its fastest pace in at least seven months – another setback for Economy Minister Sergio Massa as elections draw nearer.

ECONOMIC INDICATORS

INDEC: Prices jumped 6.6% in February, inflation 102.5% over last year

14-03-2023 16:13 Consumer prices jumped 6.6% in February, pushing Argentina’s inflation rate over the last 12 months into the dreaded three digits, according to government data.

EDITORIAL

The number of the beast

18-02-2023 06:00 The apocalyptic number of six has already struck twice on the judicial and economic fronts – will it make a third and final appearance?

ECONOMIC INDICATORS

Inflation continues to soar, prices up 6% in January

14-02-2023 18:02 Consumer prices in Argentina rose six percent in January, accelerating from the previous month despite the renewal of the government's sweeping price control programme.

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.