News of official

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.

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.

POLITICS

Elizabeth Gómez Alcorta resigns from government, slams 'serious' human rights violations

07-10-2022 10:20 Elizabeth Gómez Alcorta, head of Women, Gender and Diversity portfolio, resigns from government, criticising “serious” violations against Mapuche women in recent security operation.

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%.

MONEY MARKETS

Introduction of ‘soy dollar’ leaves Argentina with seven exchange rates

06-09-2022 15:40 New 'soy dollar' rate, designed to boost exports and boost Central Bank reserves, unveiled by Economy Minister Sergio Massa; Following its arrival, there are now seven other exchange rates already operating in Argentina.

BLOOMBERG - ANALYSIS

Inflation surges past 70% on political turmoil

11-08-2022 16:46 Consumer prices rose 71% in July from a year ago, the highest level in about 30 years, according to government data published Thursday.

RUNAWAY PRICE HIKES

Analysts estimate inflation could surpass 90% this year

10-08-2022 23:09 Annual inflation moves ever closer to three digits amid widespread changes at Argentina’s Economy Ministry.

Bloomberg

Argentina Economy Minister says she has strong political support

27-07-2022 15:55 New Economy Minister for Argentina Silvina Batakis tells Washington reporters she will stabilise economy, claiming strong political support from the government.

Bloomberg

Argentina’s black-market peso hits record as crisis mounts

20-07-2022 15:31 The unofficial Argentine peso has dropped to a historic low this Tuesday, which has exacerbated the crisis provoked by the resignation of former Economy minister Martín Guzmán earlier this month.

ECONOMIC CRISIS

Inflation hits 64% year-on-year, analysts fear worse yet to come

14-07-2022 19:05 No respite from price hikes in Argentina: Inflation hit 5.3% in June, increases totalled 36.2% in first half of this year.

BLOOMBERG - ANALYSIS

Inflation hit 30-year high ahead of Guzmán's exit

14-07-2022 18:11 Consumer prices in Argentina rose at the fastest pace in more than three decades in June, with worse expected after the economy minister quit this month.

BLOOMBERG

Overnight 20% price jump supercharges inflation crisis

08-07-2022 11:15 Before the peso plunges even further and before retailers can jack up prices further, Argentines are rushing out to buy their essentials as soon as possible.

POLITICS

President taps ex-defence minister Agustín Rossi to lead AFI spy agency

06-06-2022 17:13 President Alberto Fernández has announced that he has chosen ex-defence minister Agustín Rossi to be the new head of Argentina’s intelligence service.

ECONOMIC INDICATORS

Inflation continues to bite as INDEC reveals 6% jump in April

12-05-2022 23:44 Price increases totalled 23.1% in the first quarter, with prices hiked 58% over the last 12 months, according to official data.

ECONOMIC INDICATORS

Economy grew 9.1% year-on-year in February, says INDEC

22-04-2022 00:00 Argentina's economy regained momentum in February, growing at its fastest pace for several months.

ECONOMIC INDICATORS

INDEC reveals prices jumped 6.7% in March

13-04-2022 16:08 Consumer prices in Argentina rose 6.7% in March – the highest monthly rate in nearly six years, official data reveals.

ECONOMIC INDICATORS

Prices jumped 4.7% in February, compounding inflation concerns

18-03-2022 08:13 Inflation over the last 12 months now totals 52.3%, with prices up by 8.8% in just the first two months of the year.

ECONOMIC INDICATORS

Inflation quickens more than expected in new challenge

15-03-2022 21:42 Argentina’s inflation accelerated in February at its fastest pace in nearly a year, surpassing forecasts and challenging the government’s targets for this year.

ECONOMIC INDICATORS

Inflation reached 3.9% in January, lifting annual rate to 50.7%

15-02-2022 22:08 Consumer prices rose 3.9% in January as inflation accelerated for a second straight month, the INDEC national statistics bureau reported on Wednesday.

BLOOMBERG – ANALYSIS

Inflation accelerates for second straight month

15-02-2022 21:55 Argentina’s inflation accelerated for the second consecutive month in January as the Central Bank sped up the pace of its controlled currency devaluations.

IMF DEBT DEAL

IMF risking its reputation with 'disappointing' Argentina deal, says former Fund official

15-02-2022 13:25 Ex-director of IMF's Western Hemisphere Department criticises "weak" and "disappointing" agreement between multilateral lender and Argentina, warning it is likely to go "off-track."

EDUCATION ROW

City education minister accused of ‘giving up’ on school dropouts

21-01-2022 17:32 Soledad Acuña sparks controversy, suggesting that some schoolchildren had been “lost” in wake of pandemic.

ECONOMIC INDICATORS

INDEC: Inflation in Argentina soared to 50.9% in 2021

13-01-2022 17:08 Argentina's consumer price index accelerated in December by 3.8 percent, lifting the country's inflation rate for 2021 to 50.9% – one of the highest rates in the world.

BUDGET FURORE

Government extends 2021 Budget and restructures double severance

31-12-2021 12:35 The extension of the 2021 Budget and the phasing out of double severance were published last Thursday in the Official Gazette, via decrees signed by President Alberto Fernández.

ECONOMIC INDICATORS

Inflation slowed to 2.5% in November, reveals INDEC

14-12-2021 22:56 Price increases slowed from previous month yet have risen 45.4% since January and by 51.2% over the last year, according to official data.

BLOOMBERG

Argentina inflation cools as IMF eyes monetary policy shift

14-12-2021 17:49 Inflation cooled last month as the government’s strategy to tackle persistently high prices becomes a focal point of negotiations with the IMF.

BLOOMBERG

Argentina pitches its weak currency to attract digital nomads

02-12-2021 14:08 To make up for lost tourism, Buenos Aires wants international remote workers to take advantage of favourable exchange rates.

ECONOMIC INDICATORS

INDEC: Inflation reached 3.5% in October

11-11-2021 16:47 National statistics bureau says inflation came in at 3.5% last month, despite imposition of price controls. Prices have increased 52% over the last 12 months, according to official data

FINANCIAL TURBULENCE

Currency turbulence continues: Blue dollar closes at 199

05-11-2021 18:26 In the last three weeks, the 'blue' dollar has soared 15 pesos, widening the gap over the official exchange rate and adding to inflationary pressures.

ECONOMIC INDICATORS

Inflation hit 3.5% in September as hikes picked up pace

15-10-2021 01:05 Consumer prices have risen 37% so far this year and 52.5% over last 12 months, according to new data from INDEC national statistics bureau.

BLOOMBERG

Inflation accelerated more than expected in September

14-10-2021 17:39 Consumer prices in Argentina climbed more than expected last month, prompting President Alberto Fernández to expand unconventional price controls.