News of shopping

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

Spending plunges at shops with Milei cuts hitting hard

04-03-2024 15:48 Spending at small- and medium-size businesses — Argentina’s largest sector of employment — plunged 25.5 percent in February from a year ago, the third straight month of double-digit losses.

HAPPY HOLIDAYS?

No jingle in Argentine pockets as economic grinch ruins Christmas

22-12-2023 12:50 With inflation running at more than 160% per annum, Argentines across the country are shopping around and going city to city as they search to get their festive gifts at the best prices.

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.

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.

CROSS-BORDER SHOPPING

Uruguayans pile into Argentina to spend record US$1 billion

30-10-2023 11:11 Uruguayans are taking advantage of Argentina's deep economic crisis with food, vacations and shopping costing a fraction of the price back home.

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.

CROSS-BORDER SHOPPING

Border-crossing Uruguayans enjoy bargain shopping in Argentina

11-09-2023 07:42 Faced with the constant devaluation of Argentina's peso, thousands of Uruguayans cross bridges to the neighbouring country every day to take advantage of cheaper goods and services.

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.

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

Chileans, Uruguayans cross border to take advantage of low prices

04-05-2023 18:27 Citizens from neighbouring countries cross borders to go shopping; Increased visitor numbers seen in Mendoza, Río Negro and Entre Ríos as day-trippers cash in on currency woes.

NATIONAL ICONS

Kiosco de barrio: Why Argentines remain local to their local shop

19-04-2023 22:01 Despite the growth of chain stores, this typically Latin American business remains a family one. Inspiring customer loyalty and offering a friendly ear, 70% of Argentines visit once a week, a new survey reveals.

by Enrique Garabetyan

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.