ECONOMIC INDICATORS Wages suffered record drop after Milei devalued peso 26-03-2024 07:43 Private-sector wages fell the most in nearly three decades after President Javier Milei’s currency devaluation, according to a new government report.
PENSIONS Francos confirms new pension formula will come by decree 22-03-2024 16:25 Interior Minister Guillermo Francos says pensioners will receive an increase of 12.5% next month and that new formula will be established by emergency decree.
CURRENCY WOES Bitcoin is trumping dollars for many inflation-weary Argentines 19-03-2024 14:59 Argentines are buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars.
FINANCE Milei seeks US$15 billion for removal of currency controls 18-03-2024 11:24 President Javier Milei says he would open up restrictions on foreign currency immediately if he has US$15 billion; Money could be provided by the IMF, multilateral bodies, private investors and even “some countries."
ANALYSING ARGENTINA Pax cambiaria, pax mafiosa? 16-03-2024 06:45 Inflation and crime are at the top of President Javier Milei’s agenda. Both will test his libertarian approach to problem-solving. by Marcelo J. Garcia
ANALYSIS Monthly inflation slows to 13% as Milei’s cuts bite 12-03-2024 16:45 Inflation in February slowed for a second consecutive time as the impact of December’s large peso devaluation fades and President Javier Milei’s austerity measures push the economy into recession.
Economic indicators Boost for Milei: Inflation slowed to 13.2% in February 12-03-2024 16:12 Good news for President Javier Milei as INDEC data shows February inflation of 13.2%, below estimates; Prices have increased by 276.2% over the last 12 months in Argentina.
WAGES STUDY Falling wages: 12 years of lost purchasing power in Argentina 12-03-2024 12:23 New study shows evoluation of Argentines’ wages over past 12 months and points to economic sectors likely to gain traction this year.
MONETARY POLICY Central Bank cuts rates to 80% in surprise move as inflation cools 12-03-2024 09:43 Central Bank unexpectedly cuts banchmark interest rate as policy-makers forecast cooling of inflation.
ECONOMIC OUTLOOK 'Very complicated': Milei warns inflation rate for March could be high 11-03-2024 14:29 Argentina’s president says consumer price hikes are slowing and that he “is convinced” battle against inflation will be won.
ECONOMIC OUTLOOK Analysts improve outlook, forecast inflation slowing to 210% in 2024 08-03-2024 10:48 Experts consulted for Central Bank’s REM survey of market expectations lower forecasts for inflation in the next few months, predicting 15.5% rate for February and a 3.5% economic slump this year.
INFLATION Food prices have risen by up to 70% over last three months 06-03-2024 15:24 Hikes were driven by grocery products, fruits and vegetables, and meats, according to a private report.
EMPLOYMENT Wages have plunged 18% in Milei’s first 50 days, says economist 06-03-2024 14:33 During the first 50 days of Javier Milei’s government, wages experienced a real fall of 18%, says a new report.
EXPOAGRO 2024 President: Currency controls could be lifted ‘mid-year’ 05-03-2024 17:33 Javier Milei restores tradition of presidential visit to ExpoAgro exhibition and tells agricultural producers that inflation in February likely slowed to around 15%.
INFLATION FORECAST Survey shows Argentines expect inflation to slow in next 12 months 29-02-2024 16:06 Study on inflation expectations disseminated by Universidad Torcuato Di Tella shows forecasted rate of 170% over next 12 months.
Inflation Banks warn against inflation bonds as price hikes cool 27-02-2024 11:36 Recession forecasts and a shrinking amount of money in circulation, as well as a narrowing gap between Argentina’s exchange rates and cooling inflation expectations, are driving investors to ease off inflation bonds.
Brazil and Wall Street Lula pulls off rare trick twice, wooing Wall Street and the poor 26-02-2024 11:09 In his first year back in power, Luiz Inacio Lula da Silva has again managed to keep both low-income voters and Wall Street investors happy
ARGENTINA IN CRISIS Milei’s ‘no money’ slogan put to the test – but is there patience? 22-02-2024 16:46 Enthusiasm abroad for Javier Milei's presidential project is not matched by growing unrest on the streets of Buenos Aires.
Exchange rate woes Investors bet Argentina crawling peg to speed up to 6% by April 22-02-2024 11:34 Investors see Argentina's crawling peg accelerating to six percent monthly by the start of the second quarter, according to peso futures data.
ECONOMIC CRISIS Milei caps minimum wage rise at 30% amid soaring inflation 21-02-2024 13:13 La Libertad Avanza leader backtracks on vow not to set minimum wage unilaterally; 30% hike over next two months for low-paid workers; Unions and employers fail to reach agreement.
ECONOMIC INDICATORS Brazil’s economic activity caps 2023 with better-than expected growth 19-02-2024 14:05 Brazil’s economy grew more than expected in December, indicating activity is still showing some resilience to high interest rates as President Luiz Inacio Lula da Silva readies higher government spending.
ECONOMIC INDICATORS Inflation leaving more than a million Argentines poor per month 19-02-2024 13:45 Over the past three months, over 3.6 million people have slipped into poverty, new data shows.
ECONOMIC INDICATORS Milei, Caputo hail ‘deceleration’ as annual inflation rate exceeds 250% 15-02-2024 14:31 Consumer prices slowed in January to 20.6%, reveals INDEC national statistics bureau; Annual inflation rate reaches 254%.
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.
PRICE HIKES SLOWING? Celebrations, misgivings as politicians react to inflation data 14-02-2024 22:33 Government allies cheer latest INDEC data showing that consumer price hikes slowed to around 20% last month, while Peronist critics warn of spiralling consumer prices.
ECONOMIC INDICATORS Argentina's inflation rate slows in Javier Milei’s first full month 14-02-2024 16:49 Inflation in Argentina is exceeding 250% year on year, but cooled from 25.5% to 20.6% in January from a month earlier.
Congress & Politics Government freezes omnibus bill – and wants to make governors pay 08-02-2024 14:50 President Javier Milei is evaluating the possibility of calling a non-binding plebiscite to pass his reforms in the hope of a new Congress breakdown after the 2025 midterms.
INFLATION WOES Latin America’s inflation progress tempered by soaring food price pressures 08-02-2024 14:28 Consumer price readings underscore challenges facing Latin American policymakers as they calibrate future interest rate cuts. Most of the region’s major inflation-targeting central banks have already begun reducing borrowing costs
ECONOMIC INDICATORS Inflation in Buenos Aires City hit 21.7% in January 07-02-2024 17:41 City Hall government data shows that consumer prices have increased by more than 238% over the last 12 months and accelerated last month.
Congress & Politics Caputo: Failure of omnibus bill ‘doesn’t affect economic programme’ 07-02-2024 16:53 Economy Minister Luis Caputo says inflation was around 20% in January and forecasts it will continue to decelerate over next two months.
El Salvador Elections Next hurdle for El Salvador's Bukele: the economy 05-02-2024 11:35 With high public debt, nearly a third of the population living in poverty and fast-rising consumer prices, Salvadorans are increasingly starting to think of what comes next.
ECONOMIC OUTLOOK OECD: Argentina's inflation rate to soar to 250% this year 05-02-2024 10:02 Annual inflation rate expected to skyrocket to 250.6% in 2024, forecasts Organisation for Economic Cooperation and Development.
INFLATION February arrives – and so does the latest batch of price hikes 31-01-2024 17:32 Second month of the year set to deliver further inflation woes for Argentina’s crisis-weary citizens; Transport, utilities, rent and health insurance to rise.
IMF DEBT PROGRAMME IMF to postpone Argentina review to give Milei more time 31-01-2024 12:28 Troubled nation’s quarterly review, scheduled for September, will move to November, according to Reuters. If confirmed, it would give the government greater scope to implement economic changes and potentially negotiate a new programme.
BLOOMBERG - ANALYSIS IMF sharply cuts Argentina’s growth forecast on Milei’s plan 30-01-2024 19:14 The government’s push to cut down on spending is “absolutely needed” to rein in inflation, which the IMF estimates will slow down to near 150 percent a year by December.
ECONOMIC OUTLOOK IMF cuts Argentina 2024 growth forecast, forecasts 2.8% contraction 30-01-2024 15:55 Multilateral lender warns that inflation is expected to increase in the short term, projecting growth of minus 2.8 percent this year and plus five percent in 2025.
ECONOMIC CRISIS 'It makes me sad': Gloomy times for vacationers in Mar del Plata 22-01-2024 16:39 Light traffic, half-full beaches and a semi-empty city – in Mar del Plata, Argentina’s leading summer tourist destination, business is far from booming.
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
ECONOMIC INDICATORS Venezuela's inflation rate slows to 189% – below Argentina's 13-01-2024 10:19 Venezuela recorded inflation of 189.9% last year, meaning that Argentina saw the highest consumer price hikes over the last 12 months in Latin America.
MONEY PRINTING Central Bank approves printing of 10,000- and 20,000-peso notes 12-01-2024 15:48 The 10,000-peso note will feature the images of Manuel Belgrano and María Remedios del Valle. The 20,000 peso one will have Juan Bautista Alberdi, the person most admired by President Milei.
EDITORIAL Prices out of the market 12-01-2024 15:24 President Milei wants to avoid the failures of Mauricio Macri’s gradualism but the shock approach might have too short a fuse.
BILLS, BILLS, BILLS Argentina to issue 20,000-peso bills as inflation eclipses 211% 12-01-2024 09:55 Argentina is preparing to offer larger denomination peso bills in an attempt to simplify daily transactions.
Living with inflation Runaway inflation sends food prices soaring in Argentina 11-01-2024 18:29 Consumer prices have soared more than 200% in Argentina over the last 12 months, with food leading the way. Some items increased by more than 600%. by Ramiro Speranza
ECONOMIC INDICATORS Inflation surpassed 211% in 2023, reveals INDEC 11-01-2024 16:45 Prices jumped 25.5% in December last year following devaluation of peso; Food prices soared an incredible 251.3% over the last 12 months, says statistics bureau.
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 Brazil inflation ends 2023 above forecasts but within target 11-01-2024 13:07 Official data released Thursday showed consumer prices rose 4.62% in Brazil December from a year earlier.
INFLATION High figure expected for INDEC December inflation announcement 08-01-2024 16:26 National statistics bureau set to post December inflation rate, with private consultancy firms expecting it to clear 20% and President Javier Milei hoping for 30%.
INFLATION New report forecasts 225% inflation over next 12 months 27-12-2023 19:21 Inflation in Argentina skyrocketed in December and could reach 225.9% over the next 12 months, according to a new survey.
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.
ANALYSIS ‘Unconstitutional’ – Experts, critics slam Milei’s massive reform plan 21-12-2023 23:21 Leading experts slam President Javier Milei’s bid to enforce sweeping change by decree.