News of inflation

Traders bet big on Milei crushing 200% inflation in Argentina

06-11-2024 19:24 President Javier Milei’s fight against inflation is showing mixed results. Investors are hopeful yet cautious as they bet on sharper declines next year.

Economic - Analysis

Global public debt to hit US$100 trillion by end of 2024, IMF says

16-10-2024 06:53 Global public debt risks of rising to US$100 trillion by the end of 2024, warns International Monetary Fund.

ECONOMY – ANALYSIS

Argentina inflation slows to lowest under Milei

10-10-2024 16:36 Monthly inflation reached the lowest level since late 2021 in September – a significant win for President Javier Milei.

ECONOMIC INDICATORS

Monthly inflation slows to lowest level since November 2021

10-10-2024 16:17 Consumer prices rose 3.5% in September; Annual inflation now at 209%, with hikes of 101.6% so far this year.

by James Grainger

ECONOMIC INDICATORS

Buenos Aires City reports September inflation rate of 4%

08-10-2024 06:38 There was a slight slowdown from 4.2 percent in August.

ECONOMIC OUTLOOK

OECD forecasts Argentina's economy will contract 4% this year

25-09-2024 08:53 OECD experts worsen forecast for Argentina's economy, predicting GDP contraction of 4% this year and annual inflation of 147.5%.

MILEI IN NEW YORK

Milei lays out clearer currency path as his popularity begins to dip

24-09-2024 11:05 In his Wall Street debut, Javier Milei tells investors at the New York Stock Exchange that currency restrictions will be lifted “when the rate of inflation in the macroeconomic programme is zero.”

BUDGET PROPOSAL

Milei projects inflation plunging to 18% by end-2025

16-09-2024 00:05 President Javier Milei estimates annual inflation will slow to 104.4% by the end of this year and 18.3% by December 2025, according to his first budget proposal.

ECONOMY – ANALYSIS

Worrying data behind August inflation rate and projections for September

15-09-2024 05:13 Consumer prices rose 4.2% in Argentina in August – above government and private forecasts. A look at the causes and projections with economic analysts.

by Luis Machado

EDITORIAL

Nobody wins

14-09-2024 06:37 Milei risks his popularity with insensitivity towards pensioners in the name of maintaining a fiscal surplus.

ECONOMY – ANALYSIS

Argentina posts slightly higher than expected August inflation

11-09-2024 17:01 Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei.

ECONOMIC INDICATORS

Inflation rises slightly to monthly 4.2%, dashing government hopes

11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.

ECONOMY – ANALYSIS

Milei lowers key import tariff to cool inflation

28-08-2024 10:35 Economy Minister Luis Caputo announces government will lower levy known as 'PAIS tax' from 17.5% to 7.5%.

Congress & Politics

Milei clashes with Senate over pensions, vows to veto increase

23-08-2024 14:27 President Javier Milei announced Friday he will veto pension increases approved by the Senate the previous day, branding those who voted for the boost "fiscal degenerates."

Editorial

Inflation down on its all fours?

17-08-2024 05:39 The main obstacle to zero inflation is zero certainty as to the future.

POLITICS – ANALYSIS

Milei’s government seizes on Fernández scandal to govern in silence

15-08-2024 17:54 Fabiola Yáñez’s allegations of gender violence against Alberto Fernández continues to have ramifications beyond the media. As Peronism tries to buy some time, President Javier Milei, his economic team and expert “deregulator” Federico Sturzenegger are issuing decrees all round.

by Ramón Indart

POLITICS

Milei again rules out devaluation of peso in Council of Americas speech

14-08-2024 18:20 President Javier Milei defends his government and rules out devaluation of the peso in speech at a Council of the Americas forum.

ECONOMIC INDICATORS

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

Inflation accelerated slightly to 4.6% in June, says INDEC

12-07-2024 16:23 Inflation rose slightly in June from previous month, by 0.4 points; Consumer prices rose 4.6% overall in June and have soared 271.5% in the last 12 months.

POLITICS & ECONOMY

Milei dials back shock therapy to keep Argentina’s inflation in check

12-07-2024 12:44 President Javier Milei is tapping the brakes on his shock therapy programme in a bid to hold on to popular support amid Argentina’s bleak economic reality.

ECONOMIC POLICY

Milei says he would slow crawling peg if inflation cools further

01-07-2024 12:10 President Javier Milei says peso could weaken at a slower pace if inflation cools to a certain level.

ECONOMIC CRISIS

Argentines pawn the family jewels to make ends meet

17-06-2024 14:15 Hundreds of Argentines are selling their jewellery at gold dealerships every day as a last resort to face the economic crisis.

ECONOMY – ANALYSIS

Monthly inflation slows to lowest level since 2022

13-06-2024 16:41 Consumer prices rose 4.2 percent last month, less than economists estimates for five percent and the lowest level since January 2022.

UTILITIES & SUBSIDIES

Milei begins to slash energy subsidies for low-income sectors

06-06-2024 11:59 Low-income homes will see the energy cost of their utility bills double on average in June, while middle-class families could see prices rise 155%.

EDITORIAL

Single digit should not mean single issue

18-05-2024 06:13 Single-digit inflation relieves the poor more than anybody but comes at a price – must they also be the ones to pay it?

POLITICS & ECONOMY

Posse predicts 139% inflation as he finally turns up in Congress

16-05-2024 00:53 Eight-hour debut for Cabinet chief in Congress as he forecasts 139.7% percent annual inflation, a dollar at 1,016 pesos by year-end and defends paralysis of public works projects.

MONETARY POLICY

Central Bank cuts interest rate for sixth time to 40% as inflation slows

14-05-2024 20:32 Argentina cut its benchmark interest rate Tuesday for a sixth time under President Javier Milei.

ECONOMY – ANALYSIS

Inflation cools for fourth straight month

14-05-2024 17:00 Monthly inflation in Argentina slowed in April for the fourth straight month, dropping into single-digit territory for the first time in Javier Milei’s Presidency.

Economic indicators

Monthly inflation slows to single digit: 8.8% in April

14-05-2024 16:13 Inflation dropped below 9% in April, reveals INDEC; Boost for Milei government but cost of living still rose 65% in the first four months of the year and totals 289.4% over the last 12 months.

EDITORIAL

Contradictions and multitudes

11-05-2024 06:07 The Javier Milei Presidency has never been short of contradictions.

ECONOMIC INDICATORS

City monthly inflation rate drops to single digit in boost for government

08-05-2024 21:36 Inflation in Buenos Aires City was 9.8% in April for an annual rate of 292.5%; Boost for government ahead of next week’s national INDEC figure.

INTEREST RATES

Central Bank cuts rates to 50% as Milei wrestles inflation down

02-05-2024 14:04 Central Bank cuts key interest rate for the third time in three weeks as officials bet on a sustained slowdown in consumer prices.

ECONOMIC OUTLOOK

Argentina’s monthly CPI to fall below 10% in April, Milei says

29-04-2024 11:24 Monthly inflation in Argentina could fall below 10% in April, President Javier Milei said Sunday in a phone interview.

ECONOMIC OUTLOOK

Milei’s team sees inflation slowing faster than economist survey

24-04-2024 12:04 President Javier Milei’s economic team sees monthly inflation slowing much faster this year than analysts anticipate.

RELATIONS WITH CHINA

Central Bank chief Bausili among top officials headed to China

18-04-2024 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.

ECONOMIC OUTLOOK

Government dreams of a single digit as inflation begins to slow

18-04-2024 15:29 Price hikes slowed in the first half of April, according to analysts, with officials in President Javier Milei's government daring to dream of a single-digit inflation rate for the month.

by Martín Fernández Nadale

ECONOMIC OUTLOOK

IMF improves inflation projection: 150% this year, but 45% in 2025

16-04-2024 15:44 Latest 'World Economic Outlook' report predicts Argentina’s GDP will contract by 2.8% this. Milei’s "shock plan" will impact economy, arriving hand-in-hand with recession, says Fund.

ECONOMIC OUTLOOK

IMF ups global growth forecast but signals medium-term pessimism

16-04-2024 13:25 International Monetary Fund slightly raises outlook for global growth this year to 3.2%; Multilateral lenders reiterates forecast that Argentina's GDP will fall by 2.8% and that inflation in 2024 will be 150%.

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

Central Bank cuts interest rate to 70%, markets see inflation easing

12-04-2024 10:22 Argentina’s Central Bank cuts main interest rate to 70% from 80% – the third time since President Javier Milei took office.

ECONOMIC INDICATORS

Inflation in Buenos Aires City 13.2% in March

09-04-2024 16:45 Slight slowdown from previous month; Impact of services sector, specifically, energy transport and private school fees and health service costs, hits pockets of porteños.

POLITICS – ANALYSIS

Attitudinal shifts and the risks of upheaval

06-04-2024 06:24 Milei’s “negative rhetoric,” sustained by his synthetic power, is useful in setting the agenda, but it doesn’t put food on the table.

by Agustino Fontevecchia

BLOOMBERG INTERVIEW

Milei sees long slog ahead to bring Argentina reforms he pledged

05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected.

BLOOMBERG – ANALYSIS

Milei races against time to ease pain unleashed by shock therapy

03-04-2024 12:03 Argentina’s president, who won last November’s run-off with 56% of the vote, is in a race against time to bring inflation back down and hold on to that popularity.

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."

News of inflation

Traders bet big on Milei crushing 200% inflation in Argentina

Global public debt to hit US$100 trillion by end of 2024, IMF says

Argentina inflation slows to lowest under Milei

Monthly inflation slows to lowest level since November 2021

Buenos Aires City reports September inflation rate of 4%

OECD forecasts Argentina's economy will contract 4% this year

Milei lays out clearer currency path as his popularity begins to dip

Milei projects inflation plunging to 18% by end-2025

Worrying data behind August inflation rate and projections for September

Nobody wins

Argentina posts slightly higher than expected August inflation

Inflation rises slightly to monthly 4.2%, dashing government hopes

Milei lowers key import tariff to cool inflation

Milei clashes with Senate over pensions, vows to veto increase

Inflation down on its all fours?

Milei’s government seizes on Fernández scandal to govern in silence

Milei again rules out devaluation of peso in Council of Americas speech

Inflation slowed to 4% in July, lowest monthly rate of Milei era

Inflation slows to lowest level since 2022 under Milei

Inflation accelerated slightly to 4.6% in June, says INDEC

Milei dials back shock therapy to keep Argentina’s inflation in check

Milei says he would slow crawling peg if inflation cools further

Argentines pawn the family jewels to make ends meet

Monthly inflation slows to lowest level since 2022

Milei begins to slash energy subsidies for low-income sectors

Single digit should not mean single issue

Posse predicts 139% inflation as he finally turns up in Congress

Central Bank cuts interest rate for sixth time to 40% as inflation slows

Inflation cools for fourth straight month

Monthly inflation slows to single digit: 8.8% in April

Contradictions and multitudes

City monthly inflation rate drops to single digit in boost for government

Central Bank cuts rates to 50% as Milei wrestles inflation down

Argentina’s monthly CPI to fall below 10% in April, Milei says

Milei’s team sees inflation slowing faster than economist survey

Central Bank chief Bausili among top officials headed to China

Government dreams of a single digit as inflation begins to slow

IMF improves inflation projection: 150% this year, but 45% in 2025

IMF ups global growth forecast but signals medium-term pessimism

Inflation slowed to 11% in March, annual rate hits 287%

Monthly inflation slowed more than expected in March

Central Bank cuts interest rate to 70%, markets see inflation easing

Inflation in Buenos Aires City 13.2% in March

Attitudinal shifts and the risks of upheaval

Milei sees long slog ahead to bring Argentina reforms he pledged

Milei races against time to ease pain unleashed by shock therapy

Wages suffered record drop after Milei devalued peso

Francos confirms new pension formula will come by decree

Bitcoin is trumping dollars for many inflation-weary Argentines

Milei seeks US$15 billion for removal of currency controls

Trump rides global wave of anti-incumbency

Trump and Argentina – Business leaders hope political affinity will prompt commercial resurgence

Police charge trio in connection with Liam Payne’s death

Cattle rancher accused of mass penguin slaughter found guilty

Wanted: Republican-friendly name for Argentina's vacant post in Washington

Fin de semana largo de noviembre: cuándo es, qué se conmemora y cuántos feriados quedan hasta fin de año

Se pinchó Mercado Libre en Wall Street: por qué sus acciones cayeron más de 15% en Nueva York

Alitalia: el plan espejo que tiene Milei para Aerolíneas

Una médica denunció a un conocido polista por el hurto de su mochila en el aeropuerto de Ezeiza

Paro de Intercargo: el Gobierno oficializó la desregulación del servicio de rampas en los aeropuertos