News of living

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

ECONOMY – ANALYSIS

Argentina posts slightly higher than expected August inflation

11-09-2024 17:01 Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei.

ECONOMIC INDICATORS

Inflation rises slightly to monthly 4.2%, dashing government hopes

11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.

ECONOMIC INDICATORS

Inflation slowed to 4% in July, lowest monthly rate of Milei era

14-08-2024 17:02 Latest figure from INDEC national statistics bureau indicates consumer prices are continuing to slow, but annual rate remains at staggering 263.4%.

ECONOMY – ANALYSIS

Inflation slows to lowest level since 2022 under Milei

14-08-2024 16:47 Consumer prices rose 4% in July from a month earlier, while annual inflation slowed to 263.4%, according to government data.

ECONOMIC INDICATORS

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.

ECONOMIC INDICATORS

Poverty hit 20-year high of 57.4% in January, says UCA body

18-02-2024 10:21 Prestigious UCA Social Debt Observatory says poverty is at 20-year high: 57.4%, equivalent to 27 million people, are now considered poor in Argentina. Extreme poverty affects 15%, some seven million people.

by Gonzalo Martínez

POVERTY

More hunger, less money: Soup kitchens count rations

15-02-2024 00:33 At community meal centres across Argentina, a dual crisis is biting: the influx of ever more hungry mouths to feed during an economic crisis, and a decision by President Javier Milei's new government to freeze their aid.

GRIPPED BY CRISIS

In danger of extinction? Middle class slammed by crisis and austerity measures

16-01-2024 17:16 The removal of subsidies, rising rent and the increased costs of prepaid healthcare schemes and private schools are slamming the middle class, specialists warn. March will be a difficult month with the start of classes and the billing of basic public services shooting up.

by Agustina Bordigoni

PRICES THROUGH THE CEILING

Inflation accelerates: 30% expected in December after devaluation

21-12-2023 07:39 Analysts warns of major mark-ups triggered by the economic measures of the Javier Milei government.

INFLATION WOES

Price hikes soar with a vengeance in inflation-weary Argentina

15-12-2023 14:24 Experts warn of ‘inflationary shock’ in wake of Javier Milei’s first measures; Milei could pay the price for pushing correction onto citizens and not the “political caste,” as promised.

by Justin Martinez

Living with inflation

'We have to endure' - Argentines stoic as prices skyrocket

14-12-2023 14:17 Argentines, while worried about the future, appear resigned to a fate Javier Milei warned them of when he took to the campaign trail.

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

Shopkeepers struggle to keep pace with soaring prices

25-11-2023 13:08 Annual inflation is already at 143% and prices rose even further after price controls on basic goods were eased.

Living with inflation

Inflation hits new high before presidential run-off vote

13-11-2023 19:05 Inflation rate has hit 143%, just days before a presidential run-off election in which the state of the economy will be a deciding factor.

ECONOMIC INDICATORS

Annual inflation hits 143% before election

13-11-2023 17:51 Inflation in Argentina accelerated last month to its highest annual level since the country was exiting hyperinflation more than three decades ago.

ECONOMIC INDICATORS

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.

ANALYSIS

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.

Economic indicators

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.

BLOOMBERG – ANALYSIS

Poverty above 40% fuels despair ahead of vote

27-09-2023 18:20 Surging consumer price increases are the dominant factor behind Argentina's ballooning poverty rate.

Living with inflation

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.

Living with inflation

The Odyssey: Making it to the end of the month amid runaway prices

07-09-2023 12:56 Six Argentines share tips on living with inflation and coping with escalating prices. Recipes for trying to reach the end of the month are very varied, ranging from cutting back on car insurance, not buying clothes, wrapping up to save on gas or disposing of assets to cover debts. Many employees, including skilled workers, don’t manage to reach the end of the month, or at least not without taking on a little debt.

by Agustina Bordigoni

ANALYSIS

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.

ECONOMIC INDICATORS

Private estimates say Argentina’s poverty rate has risen to 43%

09-07-2023 08:00 Around 12.5 million people in Argentina are now poor, according to new calculations from UCA and Di Tella universities; High inflation in first six months of year and inability of wages to keep pace with wage hikes means further one million people have slipped below the poverty line.

Living with inflation

Finding treasure among waste at Buenos Aires' central market

19-06-2023 10:15 As runaway inflation slashes spending power and the price of fruit and vegetables soar, citizens are improvising ways to make ends meet.

Living with inflation

Spend now, worry later: no point saving in inflation-stricken Argentina

15-06-2023 15:04 Packed restaurants, long lines outside the theatre, concerts that sell out in hours – Argentines with purchasing power are responding with a frenzy of consumption in the face of soaring inflation.

CURRENCY WOES

In distorted Buenos Aires rental market, it's dollar vs peso

02-06-2023 10:15 Renting in pesos and on a long-term basis is a titanic task in the capital, where temporary and dollar-denominated supply dominates the market.

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%.

WAR IN UKRAINE

Children forced to grow up fast in Ukraine's frontline towns

26-12-2022 14:14 Children living on the frontline of Russia's invasion of Ukraine have to learn to manage unceasing stress, with experts warning of long-term disorders.