ECONOMIC INDICATORS Inflation slowed to 11% in March, annual rate hits 287% 12-04-2024 16:56 Consumer price hikes continue to slow, but remain in double digits. Education records highest increases, rising 52.7 percent as increases as new school year begins.
BLOOMBERG - ANALYSIS Monthly inflation slowed more than expected in March 12-04-2024 16:35 Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight month.
ECONOMIC INDICATORS UNICEF: 7 out of 10 children live in poverty in Argentina 12-03-2024 17:16 Approximately 8.6 million kids under the age of 18 live in low-income households or in environments where they are deprived of their rights, reports local branch of UN agency dedicated to children.
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.
ANALYSIS Economy shrank in December by most since pandemic 22-02-2024 21:14 Argentina’s economy contracted in December by the most since the peak of the Covid-19 pandemic.
ECONOMIC INDICATORS Economic activity in Argentina fell 1.6% in 2023, reveals INDEC 22-02-2024 20:36 Economic activity in Argentina dropped 1.6% last year with a 4.5% contraction in December compared to the last month of 2022.
ECONOMIC INDICATORS Argentina sees first monthly budget surplus in 12 years 18-02-2024 11:46 Argentina recorded first monthly budget surplus in nearly 12 years in January, the Economy Ministry says in a statement.
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
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.
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.
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 INDICATORS Economy posted mild contraction amid run-off election 23-01-2024 22:40 Economic activity in November fell 1.4% from October, according to government data. From the same month a year earlier, activity fell 0.9%.
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.
ECONOMIC OUTLOOK World Bank forecasts 2.7% growth for Argentina in 2024 09-01-2024 16:46 Argentina’s economy likely contracted 2.5% last year, but will record growth of 2.7% in the coming 12 months, forecasts World Bank, which warns of “economic uncertainty” and continuing inflation.
ECONOMIC INDICATORS Economy shrank less than forecast during election 21-12-2023 20:25 Argentina’s economy posted a slight contraction in October, falling 0.1% from a month earlier.
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.
ECONOMIC INDICATORS Argentina November inflation quickened before Milei devaluation 13-12-2023 23:28 Consumer prices rose 12.8% in November from a month earlier, according to official data. From a year ago, inflation stands at 160.9%.
ECONOMIC INDICATORS Argentina’s poverty rate has risen to 44.7%, says UCA body 05-12-2023 23:12 Latest study by UCA’s social debt observatory says that without welfare programmes, poverty would affect 49% of the population; Extreme poverty has risen 9.6%, finds report.
ECONOMIC INDICATORS Record money-printing: 9.439 billion banknotes in circulation as Fernández leaves office 04-12-2023 18:01 The money moving around "the street" has gone up 80 percent in the last four years. On average there are currently 2,050 banknotes per inhabitant in circulation, none worth more than US$2 each.
ECONOMIC INDICATORS Latin America’s biggest economies see unemployment tick down 30-11-2023 13:42 Unemployment rates in Brazil and Mexico fell in October, as strong labour markets underpin the outperformance of Latin America’s largest economies.
ECONOMIC OUTLOOK OECD: Argentina should think about ‘effectiveness of its social spending’ 29-11-2023 12:22 OECD warns Argentina to assess "effectiveness of social spending" as it issues gloomy forecast for economy over next two years.
ECONOMIC OUTLOOK Economy sputters toward recession as Milei takes reins 23-11-2023 14:42 Argentina’s economy stalled after an August devaluation of the official peso rate, further llustrating the challenges ahead for the president-elect.
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.
ECONOMIC INDICATORS Economy grew again in August despite inflation spike 24-10-2023 21:54 Argentina’s economy expanded in August despite a steep currency devaluation that unleashed price spirals not seen in three decades.
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.
ECONOMIC OUTLOOK Argentina’s economy to contract 2.5% this year, says IMF 10-10-2023 12:56 Latest forecast from International Monetary Fund foresees 121.7% inflation and 2.5% GDP shrinkage in 2023; Report predicts 2.8% growth in 2024.
ECONOMIC INDICATORS Private study says food prices surged almost 13% in September 03-10-2023 17:24 Food prices increased by 12.8% on average in September, according to a new private study; Some items like sugar have soared by more than 280% in last year, reports Focus Market consultancy firm.
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.
ECONOMIC INDICATORS More than 40% of Argentines living in poverty, official data shows 27-09-2023 16:36 Data from INDEC national statistics bureau reveals approximately 18.6 million Argentines are now considered poor, with 4.3 million destitute; Poverty affected 40.1% in first half of year; Experts warn figure likely to soar even higher in future given post-PASO devaluation of peso and soaring price hikes.
ECONOMIC INDICATORS Unemployment rate drops to 6.2%, but experts sound pensions alarm 21-09-2023 13:48 Joblessness rate drops, yet four out of 10 wage-earners do not have pension contributions, warns INDEC.
ECONOMIC INDICATORS Argentina's economy shrank most since 2020 amid record drought 20-09-2023 08:52 Argentina's GDP shrank 2.8% in the second quarter of the year, more than the 2.5% contraction forecast by experts. From a year ago, activity contracted 4.9%.
ECONOMIC OUTLOOK OECD: Argentina to suffer steepest recession of G20 nations 19-09-2023 14:02 Organisation for Economic Cooperation and Development says Argentina's GDP will contract by 2% this year, while suffering 118.6% inflation in 2023.
ECONOMIC INDICATORS Government to release inflation estimate on a weekly basis 15-09-2023 21:08 Argentina, which recorded a monthly inflation rate of 12.4% last month alone, will start releasing a weekly consumer price index.
POLICYMAKERS MEET Central Bank to keep key interest rate unchanged despite surging inflation 14-09-2023 00:46 Central Bank board will likely keep its key interest rate unchanged because policymakers expect slowing price pressures later on in the year.
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.
ECONOMIC INDICATORS Inflation in August hit 12.4% – highest monthly rate in 32 years 13-09-2023 16:11 Data from INDEC national statistics bureau shows consumer prices soared by more than 12% last month; First monthly figure to accommodate impact of post-PASO devaluation of peso; Inflation over last 12 months reaches 124.4%.
ECONOMIC INDICATORS Economic activity shrinks for fourth month 23-08-2023 22:27 Economic activity fell 0.2% in June from a month earlier, according to government data published Wednesday.
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 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.
ECONOMIC INDICATORS City inflation hit 7.3% in July, prices up nearly 118% in year 07-08-2023 16:50 Between January and July, prices accumulated a rise of 62.3%, according to the City Hall data.
ANALYSIS Argentina monthly inflation slowed in June for second straight month 13-07-2023 16:58 Inflation in Argentina slowed more than expected for a second straight month in June, prolonging a brief respite even as living costs continue increasing at an elevated pace.
ECONOMIC INDICATORS Inflation in Argentina slowed to 6% in June, reveals INDEC 13-07-2023 16:07 Prices have risen by 115.6% over the last 12 months and by more than 50% in the first half of the year, according to government data.
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.
MONETARY POLICY Central Bank expects to hold benchmark rate through primary vote 05-07-2023 22:34 Economists surveyed by Argentina’s Central Bank see prices rising 149% annually by the end of this year and a 3% contraction in GDP.
ECONOMIC INDICATORS Amid drought, economy shrank more than expected in April 30-06-2023 17:07 Argentina’s economy contracted more than expected in April as a record drought took its toll on trade, a sign that the economy is likely to enter recession later this year.