News of inflation

NEW PRESIDENT

Alberto Fernández’s five biggest economic challenges

Yesterday 08:16 President-elect took power on December 10 facing a challenging economic and social crisis, with a deep recession and runaway inflation.

PRESIDENTIAL HANDOVER

IMF chief says Fund remains committed to Argentina

10-12-2019 23:27 Kristalina Georgieva says International Monetary Fund remains committed to Argentina as President Alberto Fernández is sworn in as new leader.

Transition 2019

Economic crisis looms large as Alberto Fernández assumes office

09-12-2019 17:37 Against a backdrop of near-economic disaster, president-elect's biggest challenges will be leading the country out of recession – and navigating his coalition government.

Transition of Power

Macri and Fernández embrace as Mass as Church calls for unity

09-12-2019 12:47 Church leader calls for "respect, unity and peace" as outgoing and incoming leaders attend Mass at Basilica of Our Lady of Luján,

NATIONAL STATISTICS BUREAU

Jorge Todesca: 'INDEC's independence was a firm commitment by Macri'

05-12-2019 08:00 Outgoing INDEC chief discusses the changes at the national statistics bureau under his term, his replacement Marco Lavagna and his relationship with his daugther Cecilia – who is an economic advisor to president-elect Alberto Fernández.

by Patricia Valli

Transition 2019

Fernández lines up Marco Lavagna to head INDEC statistics bureau

27-11-2019 17:02 Lawmaker and son of the former economy minister Roberto Lavagna will lead the national statistics bureau, president-elect confirms.

NATIONAL STATISTICS BUREAU

Government pushes bill to protect INDEC bureau from 'political pressures'

22-11-2019 10:48 Bill sent to Congress would turn bureau into independent and autonomous unit, amid fears Kirchnerite figures may intervene in institution after December 10.

Bloomberg

Central Bank seen seeking weak peso under Fernández

18-11-2019 12:17 Fernández has promised voters he will revive the economy from its slump. He now intends to make the Central Bank a centrepiece for that strategy.

Bloomberg

Mobile banking app offers way to invest in low-risk mutual funds

14-11-2019 18:25 As Argentines seek to maintain the value of their savings amid capital controls and 50 percent annual inflation, the Ualá app believes it may have the answer...

ECONOMIC INDICATORS

Inflation in October hit 3.3%, reports INDEC

14-11-2019 16:38 Prices have risen by 40.2% since turn of the year and by 50.5% over last 12 months, according to official data.

Bloomberg

Macri extends olive branch to Fernández over economy

28-10-2019 14:40 At a meeting Monday morning, the two discussed plans to steer the nation out of the looming economic crisis.

Election 2019

Fernández meets Macri at Casa Rosada as transition of power begins

28-10-2019 12:04 Incoming president Alberto Fernández and outgoing president Mauricio Macri met this morning in the wake of Sunday night's election to plan the handover and discuss tension in the markets.

ALBERTO IN OFFICE

Debt relief, social pact key aspects of Alberto Fernández’s economic plans

26-10-2019 09:10 As much as we know about the Frente de Todos hopeful’s approach, should he win election on Sunday.

Bloomberg

On the streets, new IMF is getting same pushback as old one

21-10-2019 13:07 Despite attempts to change its image, the IMF remains controversial in many countries that borrow from it.

ECONOMIC INDICATORS

Inflation in September reached 5.9%, the highest figure of the year so far

16-10-2019 16:26 Prices have risen by 37.7% in 2019 so far and by 53.5% over the last 12 months, according to INDEC's CPI index.

ECONOMIC INDICATORS

Inflation at 57.3%, economy to shrink 3.1% – IMF revises 2019 forecasts

15-10-2019 13:40 Fund confirms Argentina's economy shrank by 2.5% in 2018 and predicts inflation will hit 39.2% in 2020.

DOLLAR VS. PESO

Central Bank survey forecasts 65 pesos per dollar by end of 2019

05-10-2019 10:55 The Central Bank’s REM latest survey of 45 economic consultants and think tanks this week did not detect any new inflationary spiral with the forecast for 2019 remaining constant at 54.9 percent.

ELECTION 2019

Poverty rate casts shadow over Macri's re-election hopes

04-10-2019 12:22 As INDEC reveals 35.4% of Argentines are living in poverty, President Mauricio Macri is struggling to address another problem casting a shadow over his re-election hopes.

BUENOS AIRES

Capital controls, sky-high rates crush local housing market

01-10-2019 08:56 The world’s highest interest rates and a currency that has lost 68 percent of its value since the start of 2018 has led to paralysis in Argentina’s real estate market. Home sales with a mortgage have plunged 87 percent in the province and city of Buenos Aires so far this year.

SALARIES

Government, firms, unions agree one-off payment for private-sector workers

24-09-2019 09:45 Parties "agree mandatory salary payment of 5,000 pesos for private-sector workers," announces production and labour minister.

ECONOMIC MEASURES

Government rises petrol prices in wake of Saudi Arabia attack

18-09-2019 22:27 Four-percent increase in the price of petrol authorised, a month after Macri administration ordered them frozen for 90 days.

BUDGET PROPOSAL

Lacunza admits economic results have been 'lower than expected'

16-09-2019 17:35 Addressing Congress, where he was presenting the government's draft 2020 Budget proposal, the new minister put the record down to a "combination of inheritance, miscoordination and external factors."

argentina

What we learned this week: September 8 to 13

13-09-2019 23:11 Key stories from the last seven days.

ECONOMIC INDICATORS

Inflation in August reached 4%, so far this year prices up 30%

12-09-2019 16:32 Price increases accelerated last month, according to INDEC bureau. Inflation over last 12 months now totals 54.5%

AS I SEE IT

Here we go again

07-09-2019 01:49 Despite the allegedly progressive chitchat of people who think they are intellectuals, Argentina is an extremely conservative country whose politicians dream of restoring some departed golden age.

by James Neilson

ECONOMIC INDICATORS

New Central Bank survey predicts 55% inflation in 2019

04-09-2019 09:46 GDP anticipated to contract by 2.5% this year, survey of economists and consultancy firms reveals.

ECONOMIC INDICATORS

Macri: Inflation in August will be above three percent

27-08-2019 14:43 "It's going to be three-something in August. It's not good, it's very bad," the president said at an event alongside agricultural producers and farm-owners.

THE COST OF CRISIS

Argentines continue to pay the price of economic meltdowns

17-08-2019 11:14 While investors, creditors and businesspeople lament the potential departure of Mauricio Macri, many voters – hit by spiralling inflation and the economic downturn – are nostalgic for the days of Cristina Fernández de Kirchner and her late husband.

by Lucas Robinson

EXCLUSIVE INTERVIEW

Héctor Torres: ‘Macri has to work for the country, not for his re-election’

16-08-2019 17:22 Former IMF executive director and international economic law and trade expert Héctor Torres on ‘Black Monday,’ the errors of the Macri administration and why Alberto Fernández and the president must put Argentina first.

by Lucas Robinson

DEMAND FROM TENANTS

Groups ask government to freeze rent fees as inflation soars

16-08-2019 15:49 Organisations dedicated to defending the rights of tenants ask Macri administration to introduce new measures to help renters make ends meet.

ECONOMIC INDICATORS

Inflation for July 2.2%, prices up 25.1% in last seven months

15-08-2019 16:17 INDEC data reveals prices have risen by 54.4% over the last 12 months.

PASO

In dual rallies, Frente de Todos vows ‘an Argentina everyone deserves’

09-08-2019 18:50 With Fernández in Córdoba and Fernández de Kirchner and Kicillof in the province, Frente de Todos ends its PASO campaign with a round of final attacks on President Macri and his allies.

BLOOMBERG

High-altitude Argentine winemaker profits from peso’s fall

08-08-2019 10:51 A Swiss multimillionaire has slowly profited from the country's economic crisis with a Salta vineyard that exports 65 percent of its product to the US.

PASO

Campaigns gear up for final PASO sprint

05-08-2019 15:27 The primary's final week will see Macri campaign in the City and the 'Fernández-Fernández' ticket reuniting in Rosario.

INDEC REPORT

Salaries in election spotlight, as inflation continues to hurt consumers

02-08-2019 17:48 Inflation has risen 17.2% above than registered salaries since last May, new INDEC data reveals.

by Lucas Robinson

BLOOMBERG

Roberto Lavagna promises to crack down on carry trade if elected

01-08-2019 09:07 Comments come as investors pile on the carry trade – buying Argentine peso-denominated bonds with borrowed dollars – to take advantage of benchmark rates of around 60 percent and a stable peso ahead of elections.

Inflation

Inflation continues to decelerate as INDEC reveals prices rose 2.7% in June

16-07-2019 19:51 June marks the third consecutive month of decelerating inflation. Cumulative inflation for the first half of the year now totals 22.4%, with increases of 55.8% registered over last 12 months.

by Jonah Shrock

ELECTIONS 2019: CAMPAIGN WATCH

Government sells the future, opposition stuck in present

06-07-2019 09:24 This is the year that will define whether Macri's centreright, pro-market presidency is an exception to multi-headed Peronist rule, or if it’s the new norm for 21st century Argentina.

by Marcelo J. Garcia

KEY STORIES

July 1st-7th:What We Learned This Week

06-07-2019 08:15 What caught our eye the last seven days?

IMF

IMF delegation arrives in Argentina to meet with Alberto Fernández, Roberto Lavagna

25-06-2019 17:38 The international organisation said that the purpose of the visit it to "exchange views on Argentina's economic current economic outlook".

Bloomberg

Argentina prices may drop fast, says man who couldn't tame them

18-06-2019 13:35 Federico Sturzenegger, former president of the Central Bank of Argentina, said in his first interview since leaving office that Argentina could reach a monthly inflation rate of around one percent by the end of the year.

Inflation

Argentine inflation decelerates for the second consecutive month with a rate of 3.1%

13-06-2019 20:04 The interannual index reached 57.3%. During the last month, the sector that grew the most was health, with a jump of 5.1%.

ECONOMIC INDICATORS

Government boosted as official data shows inflation slowed to 3.4% in April

15-05-2019 17:31 Rate of price increases slows after accelerations in February and March. INDEC reveals prices have risen by 55.8% over last 12 months.

KEY STORIES

Oct 15th-21st: What We Learned This Week

20-10-2018 09:04 What has happened the last seven days?

COST OF LIVING

Experts raise forecasts as inflation soars

20-10-2018 08:36 Analysts predict annual rate will come in over 45%, casting a shadow over President Macri’s re-election hopes.

currency volatility

Macri: ‘Dollar has calmed down’

18-08-2018 09:53 The dollar soared 63 pesocents this week to 30.42 pesos, the Central Bank reported.

ECONOMIC QUESTIONS

Corruption, he wrote

11-08-2018 13:05 Inflation is such an acute everyday aggravation that it becomes all too easy to forget that devaluation might well be twice as fast – around 70 percent by the end of the year according to various estimates.

by Michael Soltys

FINANCIAL MARKETS

Investors split on opportunities amid market turbulence

14-07-2018 09:24 While the dramatic ups and downs in Argentina’s turbulent economy have caused many investors to think twice before investing in local assets, others believe this is a perfect time to look again.

DEVALUATION AND CRISIS

Chairman Macri and the Austrian dilemma

14-07-2018 08:03 Macri needs to lay out a plan to recover productivity across major economic sectors which includes lowering taxes while broadening the base by disincentivising informal labour.

by Agustino Fontevecchia

A QUICK REVIEW

Jun 11th-17th: What we learned this week

16-06-2018 11:35 Top stories from the last seven days.