News of inflation

Fuel suppliers join price control scheme with 4% monthly cap

29-11-2022 11:07 Major oil firms sign up to Sergio Massa’s new price control scheme, agreeing to cap increases in a bid to tackle inflation and keep costs at the pump down.

OECD forecasts slowdown for Argentina’s economy in 2023

22-11-2022 14:42 Argentina’s GDP will grow 4.4% this year and by just 0.5% the following; Global GDP will increase 3.1% in 2022 – nearly half the rate of previous year, forecasts Organization for Economic Co-operation and Development.

Inflation reaching 100%, lagging wages spur tensions in Argentina

11-11-2022 15:35 Runaway inflation is supercharging the government’s woes as real wages lag, increasing social distress and leading to a record level of protests so far this year.

Massa confirms price controls for 1,400 products on way

11-11-2022 10:40 Economy Minister Sergio Massa reveals that more than 100 companies have signed up to ‘Precios Justos’ price controls scheme, as he admits “the situation is critical.”

Government offers food bonus to destitute as price crisis bites

20-10-2022 23:32 Sergio Massa, Fernanda Raverta confirm adults without income will be eligible for 45,000-peso bonus to help meet nutritional needs amid deepening inflation crisis.

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%.

Economists see inflation surpassing 100% by December

07-10-2022 08:23 Private economists in Argentina see prices increasing 100% by December, Central Bank’s latest monthly survey reveals.

Union lifts strike after sealing wage deal with tyre-producing firms

30-09-2022 15:40 Workers at the main tyre-producing factories in Argentina have on strike demanding salary improvements, keeping the production of tires in the country paralyzed.

Central Bank hikes interest rates to 75% as inflation nears 100%

15-09-2022 23:17 Central Bank boosts benchmark Leliq rate by 5.5 percentage points to 75% in a bid to prop up its currency and curb inflation.

Cash-strapped Argentina goes all or nothing on new economy chief

15-09-2022 15:55 New ‘super’ minister has undoubted political clout and scored early wins in Washington – but Sergio Massa’s presidential ambitions depend on avoiding economic meltdown

'Inflation tops the list' of Argentina's problem, says IMF director

14-09-2022 09:24 Inflation is the main problem afflicting Argentina's economy, International Monetary Fund (IMF) chief Kristalina Georgieva said Tuesday.

Inflation to hit 100% by end of 2022, EcoGo says

07-09-2022 16:20 Economic consultancy firm EcoGo forecasts that inflation will hit 99.6% by the end of the year.

World’s hottest economy goes cold as Chileans run out of money

30-08-2022 10:55 Chile, a country that’s long prided itself on having the most stable economy in all of Latin America, is facing a sudden turn toward stagflation.

Inflation: Argentina’s interminable nightmare

25-08-2022 22:20 The international crisis has placed Argentina’s economy, once again, among the global leaders for inflation.

by Tristán Rodríguez Loredo

Argentina raises key interest rate to 69.5% in biggest hike since 2019

11-08-2022 16:40 Argentina’s Central Bank raises benchmark Leliq rate in largest hike in almost three years, signalling a more aggressive stance against surging inflation. 

Social organisations renew demand for greater inflation aid

11-08-2022 09:47 Decision to spend the night in front of the Casa Rosada was taken after an assembly in which Unidad Piquetera leaders declared that their "demands were not heard" in meetings with government officials.

Argentina’s new economy czar sworn in

03-08-2022 17:34 Sergio Massa takes over as the country’s third economy chief in the last month

‘Super’ economy minister faces mounting crisis ahead

01-08-2022 14:10 Following days of uncertainty during the absence of then Economy Minister Silvina Batakis in Washington, the cabinet changes under study by President Alberto Fernández since midweek started falling into place soon after her return Thursday with Congress Speaker Sergio Massa the new “super-minister.”

Argentina pays tribute to icon Eva Peron on 70th anniversary of death

27-07-2022 16:33 Argentina celebrated Eva Peròn on the 70th anniversary of her premature death this week, despite continued economic crises.

'Green madness' as dollars found at Argentina dump

26-07-2022 14:02 Dollar hoard discovered in local dump. Residents frantically scrabble through trash to try and find the US dollar bills believed to have been discarded inside a cupboard.