News of inflation

Inflation continues to bite as INDEC reveals 6% jump in April

12-05-2022 23:44 Price increases totalled 23.1% in the first quarter, with prices hiked 58% over the last 12 months, according to official data.

Central Bank raises key rate to 49% as inflation jumps

12-05-2022 20:19 Central Bank to raise interest rates for the fifth time this year in a bid to keep up with rising inflation.

Brazil hikes key interest rate 10th straight time

04-05-2022 21:13 Brazil's Central Bank raises key interest rate for the 10th straight time, trying to tame surging inflation that has proved tough to slow for policy makers.

Venezuelan migrants say it's 'time to go home'

04-05-2022 15:39 Some Venezuelan migrants are returning to their country due to an apparent resurgence of opportunities after going through eight years of recession and four years of hyperinflation.

US joins with 55 countries to promote free Internet

28-04-2022 09:32 Amid a rise in authoritarian governments such as Russia cracking down on access to digital information, the United States on Thursday will join with more than 50 countries in launching an initiative to protect an open, safe Internet.

IMF warns of significant risks facing Latin American growth

26-04-2022 10:05 Latin America and the Caribbean facing significant risks to growth, warns International Monetary Fund; Region's economy to grow 2.5% this year, with Argentina's GDP expected to improve 4%.

‘Inflation is paralysing Argentina’s economy,’ says IMF official

15-04-2022 01:10 Opposition critics let rip at government after damning INDEC data reveals extent of consumer price hikes.

Amid growing social unrest, inflation soars in Argentina

15-04-2022 00:58 INDEC data published just hours after protesters nationwide demand jobs, food and greater social aid.

Chile shifts to damage control with new pension proposal

12-04-2022 18:37 Finance Minister Mario Marcel says Chilean government will submit a bill that will allow a withdrawal from pension savings for specific purposes, such as paying utility bills, alimonies, past-due mortgages and for a first home.

Guzmán admits Argentina's March inflation figure will exceed 6%

12-04-2022 13:52 Economy Minister Martín Guzmán admits that March inflation figure will definitely be greater than six percent.

Argentina’s ‘war against inflation’ provokes unrest in ruling coalition

05-04-2022 12:26 Officials in the ruling Frente de Todos coalition disagree on the best strategy for tackling this crucial battle.

by Rosario Ayerdi

Economy misses fourth-quarter estimates, but has record year

24-03-2022 14:45 GDP rose 10.3% in 2021, the best performance since the series began in 2004, according to official data.

President Fernández calls for extraordinary steps to tackle inflation

19-03-2022 19:09 Peronist leader says his ministers would start rolling out new measures immediately against inflation.

President Fernández hails 'historic' congressional backing for IMF deal

18-03-2022 21:59 Peronist leader unveils his "war on inflation" as he vows to tackle runaway price increases in wake of agreement with International Monetary Fund.

Prices jumped 4.7% in February, compounding inflation concerns

18-03-2022 08:13 Inflation over the last 12 months now totals 52.3%, with prices up by 8.8% in just the first two months of the year.

Inflation quickens more than expected in new challenge

15-03-2022 21:42 Argentina’s inflation accelerated in February at its fastest pace in nearly a year, surpassing forecasts and challenging the government’s targets for this year.

Fernández slams Macri in speech to Congress, prompting opposition walkout

04-03-2022 23:07 Opposition PRO party lawmakers walk out on speech to Congress after president once again attacks Macri for agreeing an “unpayable foreign debt” with IMF.

Details of the IMF agreement that the government has sent to Congress

04-03-2022 18:22 Agreement foresees Argentina registering inflation of up to 48% this year, economic growth of 4.5% and receiving IMF disbursements of more than US$24 billion until end of 2022.

Argentina’s Central Bank raises key rate to 42.5%

18-02-2022 03:00 Second rate hike this year; IMF staff have called for interest rates in Argentina to exceed annual inflation.

Argentina’s 50% inflation has crypto credit cards booming

16-02-2022 20:41 With inflation surging at a more than 50% annually, cryptocurrency exchange Lemon Cash plans to increase issuance of Bitcoin rewards cards this year.