News of prices

Venezuela creeps out of hyperinflation, but no-one feels it

Yesterdat 07:51 Economists say Venezuela has come out of a four-year cycle of hyperinflation – but citizens are still waiting to see the evidence.

BLOOMBERG – ANALYSIS

Venezuela breaks one of world’s longest hyperinflation bouts

15-01-2022 07:56 Venezuela has broken a four-year bout of hyperinflation, after the socialist government slowed the pace of printing money and allowed the US dollar to become the country's preferred currency.

BRAZILIAN ECONOMY

Brazilian families slammed by debt, inflation

06-01-2022 12:04 Even though 2021 had been anticipated as the year of economic recovery in Brazil, high inflation and the complications derived from the pandemic, are forcing Brazilians to get more and more into debt, despite the rising interest rates.

BLOOMBERG

Cannabis price drop creates opportunity for Paraguay

03-01-2022 12:36 As cannabis starts to behave more like an agricultural commodity, there’s a race to find the best growing climate at the lowest cost. In South America, a new candidate is emerging: Paraguay.

ENERGY

Argentina to raise power, natural gas prices by 17% and 20% in 2022

29-12-2021 14:47 Argentina is preparing to announce hikes to household utility tariffs in 2022, with a 17 percent cap on electricity prices and 20 percent cap on natural gas prices.

Bloomberg

President announces agreement to freeze tourism prices

28-12-2021 22:48 The agreement includes hotels, restaurants and travel agencies. The Tourism Ministry will monitor prices through weekly surveys throughout the season.

BLOOMBERG

Brazil's economy risks extending recession as October disappoints

15-12-2021 16:15 Brazil’s economy had a bad start to the fourth quarter, underscoring risks of an extended recession as policy makers further tighten monetary policy to battle above-target inflation.

BLOOMBERG

For Americans shocked by inflation, Argentines have some advice

13-12-2021 13:11 For many Americans, the sudden burst of inflation that has rocked the economy has been disorienting. So for some advice, we turned to people who have become experts in the art of surviving runaway inflation: Argentines.

PRICE RISES

Brazil's inflation rate hits 18-year high

10-12-2021 12:41 Brazil's annual inflation rate hit an 18-year high of 10.74% in November.

CRYPTOCURRENCIES

Argentina begins taxing cryptocurrency, reversing old stance

17-11-2021 15:17 Transactions involving cryptocurrencies will be subject to government's tax on bank credit and debts, effective immediately.

LATIN AMERICA

Brazil's inflation rate accelerates more than expected

10-11-2021 16:25 Brazil's inflation rate accelerated more than expected in October, officials said Wednesday; Prices in Argentina's neighbour up 10.67% this year.

CRISIS IN ECUADOR

Protesting Ecuadoreans block roads as fuel price crisis escalates

27-10-2021 15:55 Thousands of Ecuadoreans take to the streets throughout the country, blocking roads in protests called by indigenous organisations as nation's crisis escalates.

BATTLE AGAINST INFLATION

Argentina freezes prices on over 1,400 goods ahead of elections

20-10-2021 10:11 The government is freezing prices on 1,432 household items in an effort to cool accelerating inflation ahead of November’s midterm election.

57th IDEA COLLOQUIUM

Fernández warns business leaders over ‘incomprehensible’ price rises

15-10-2021 18:24 President Alberto Fernández, Economy Minister Martín Guzmán and Pope Francis among the names addressing 57th IDEA colloquium.

NEW PRICE CONTROLS

Government agrees 90-day price freeze for more than 1,200 products

14-10-2021 17:12 Government reaches agreement with retailers and business leaders to freeze prices of more than 1,200 household goods for 90 days – latest attempt to win back voters and tackle runaway inflation.

Lithium

Lithium prices are soaring, sparking more deals for key battery metal

07-10-2021 08:23 Lithium is having a moment -- and record prices won’t deter the flurry of deals for the key battery metal.

Price increases

World Bank rules out risk of hyperinflation in Argentina

06-10-2021 21:22 World Bank official plays down risk of hyperinflation in Argentina and says new agreement with International Monetary Fund regarding multi-billion-dollar debt will further reduce possibility.

BLOOMBERG

Priciest food since 1970s is a big challenge for governments

15-09-2021 10:41 Governments across the world know that rising food costs can come with a political price. The dilemma is whether they can do enough to prevent having to pay it.

Bloomberg

Argentines hedge against yet another inflation spiral

15-06-2021 17:46 Amount of money placed in mutual funds that invest in inflation-linked debt in Argentina has leaped 40% in just 30 days, far outstripping any other type of fund.

Cryptocurrencies

A crypto-revolution in Argentina

12-06-2021 00:17 Argentina’s economy is prime breeding ground for the crypto-world. And the populist promise of cheap energy here is a crypto-miner’s dream.

by Agustino Fontevecchia

AGRICULTURE

Commodities boom swells Central Bank reserves to nine-month high

03-06-2021 20:13 This year, exports have brought in US$13.3 billion so far – the highest level in 18 years for this time of the season.

Bloomberg

Argentina’s Central Bank move raises concern of higher inflation

28-05-2021 16:22 A measure allowing Argentina’s commercial banks to move part of their reserve requirements from Central Bank notes to treasury bonds is raising concerns about inflation and the financial system’s health.

CRYPTOCURRENCIES

Central Bank warns citizens of risks of cryptocurrencies

21-05-2021 13:35 Argentina, the land of currency crises, warns about crypto risks.

SUPPLY LINES

Beef-export ban to stoke steak prices worldwide

21-05-2021 13:31 Argentina’s unorthodox beef-export ban is the latest disruption to supply chains that is forcing consumers to pay higher prices for meat.

Bloomberg

Provinces prep inflation-linked bonds forbidden by law

21-05-2021 11:57 Provincial governments, desperate for financing and excluded from international debt markets after defaulting on payments of US$13 billion, are looking for new ways to raise funds in the local bond market.

AGRICULTURE

Argentina set to boost coffers amid rebound in commodity prices

19-05-2021 10:06 With soy and maize reaching peaks in Chicago, Argentina could also look forward to record earnings of almost US$3.2 billion from a promising wheat harvest, according to a new report.

Bloomberg

Top Argentine gas shipper to face frozen rates for another year

12-05-2021 15:22 Argentina's largest natural gas transporter faces another year of frozen rates, which is eroding its profits, according to the company.

MINING IN CHILE

Copper bonanza challenge for top producer Chile

04-05-2021 09:00 As the global economy starts to shake off the impacts of the Covid-19 epidemic and makers of electric cars and renewable energy systems clamour for copper, Chile stands to gain handsomely. But political uncertainties in the South American nation have some worried.

PRICE RISES

Argentina can’t overcome its chronic inflation issue

24-04-2021 01:41 In the first three months of 2021, price rises showed no sign of slowing down. As well as being cause for concern for the government, businesses and citizens are feeling the pinch.

ECONOMIC INDICATORS

Argentina records highest inflation rate in 18 months: 4.8%

15-04-2021 17:35 Inflation in March reached 4.8% – the highest figure since September 2019. Prices have jumped 12.4% in first three months of year, 42.6% over last 12 months.

ECONOMIC INDICATORS

Inflation data casts shadow over government’s target

13-03-2021 09:07 Price increases slowed slightly in February from previous month, but Alberto Fernández administration’s 2021 target of 29% already looks out of reach.

THE WEEK

What we learned this week: February 13 to 20

20-02-2021 08:27 The stories that caught our eye over the last seven days in Argentina.

AS I SEE IT

Here we go again

13-02-2021 08:47 Meaningful reform will remain on the backburner until the votes have been counted.

by James Neilson

ECONOMIC INDICATORS

Inflation continues to rise: Prices were up 4% in January

12-02-2021 01:00 INDEC national statistics bureau says prices rose by 4% in January, equal to December's rate.

AGRO TENSIONS

Amid tension, Farming groups call three-day halt to grain trading

09-01-2021 07:37 Three-day stoppage next week called by three of four main agricultural groups to protest suspension of maize exports.

Bloomberg

Argentine soy workers reach deal on wage hike, ending strike

30-12-2020 13:43 Soybean workers reached an agreement on wage talks, ending a strike that had snarled shipments and fuelled a surge in Chicago futures.

FOOD PRICES

UN: World food prices jump to six-year high

03-12-2020 19:26 Global food commodity prices rose sharply in November to their highest level in nearly six years, the UN food agency said Thursday, due in part to adverse weather conditions.

TRAFFIC & TRANSPORT

Subte fares to rise from next week, highway tolls could more than double

17-11-2020 17:54 Subway fares will rise from 19 to 21 pesos as from next Wednesday while a 55% for highway tolls as from the start of next year has been proposed, subject to approval in a public hearing.

BLOOMBERG

Argentina hikes rates after prices surge past expectations

12-11-2020 23:56 Central Bank hikes interest rates after October inflation report showed consumer prices surged at the fastest pace this year.

EMERGENCY DECREE

Government freezes TV, Internet and mobile phone prices until 2021

21-08-2020 22:59 The government announced late Friday that is extending a price freeze for TV, Internet and mobile service until the end of the year, deeming them “essential public services.”

ECONOMIC INDICATORS

Inflation reached 1.5% in May, second straight month under 2%

12-06-2020 01:20 Inflation rate for the last 12 months now totals 43.4%, with a rise of 11.1 percent recorded in the first five months of the year so far.

THE ‘BARRIL CRIOLLO’

What is Argentina's US$45 'barril criollo' and how will affect local producers?

23-05-2020 09:31 Artificially fixed reference price for barril criollo imposed in move to defend jobs and output levels, with an eye keenly trained on Vaca Muerta shale.

OIL PRICES

Petrol prices to stay up to preserve Vaca Muerta, says CECHA president

25-04-2020 12:02 CECHA President Gabriel Bornoroni says he doesn’t believe petrol prices will fall, despite international slump.

by Mirta Fernandez

Coronavirus pandemic

Fernández freezes rent prices, mortgage payments by decree

30-03-2020 16:44 Decree freezes price of rent and UVA mortgage payments for next three months, bans all foreclosures and evictions until September 30 without recourse to legal action.

OPINION AND ANALYSIS

The oil shock of 2020 appears to be here – and the pain could be wide and deep

16-03-2020 10:53 The world is again undergoing an oil shock. This is a big deal, not only for the global economy, but for geopolitics, the future of transport and efforts to mitigate climate change.

VIRUS outbreak

Fed cuts half point in emergency move in reaction to Coronavirus

03-03-2020 14:54 US Federal Reserve announces emergency rate cut, responding to the growing economic risk posed by the coronavirus epidemic and giving President Trump the stimulus he has called for.

'TARIFAS'

Government likely to increase utility rates in June, says Cafiero

20-02-2020 16:16 Government will unfreeze public services rates starting from June, but increases will only hit “the sectors that can support them,” says Cabinet chief.

BLOOMBERG - LONG READ

Venezuelan emigrants return as Maduro embraces capitalism

07-02-2020 15:18 After leading his country’s economy over a cliff, President Nicolas Maduro has brought it a certain measure of stability. By allowing dollars to flow freely and private enterprise to flourish in recent months, he seems to have breathed new life into his regime.

FUEL PRICES

Government extends fuel price freeze until end of February

30-01-2020 13:38 Fernández administration to retain restrictions until the end of February in order to curb inflation.

News of prices

Venezuela creeps out of hyperinflation, but no-one feels it

Venezuela breaks one of world’s longest hyperinflation bouts

Brazilian families slammed by debt, inflation

Cannabis price drop creates opportunity for Paraguay

Argentina to raise power, natural gas prices by 17% and 20% in 2022

President announces agreement to freeze tourism prices

Brazil's economy risks extending recession as October disappoints

For Americans shocked by inflation, Argentines have some advice

Brazil's inflation rate hits 18-year high

Argentina begins taxing cryptocurrency, reversing old stance

Brazil's inflation rate accelerates more than expected

Protesting Ecuadoreans block roads as fuel price crisis escalates

Argentina freezes prices on over 1,400 goods ahead of elections

Fernández warns business leaders over ‘incomprehensible’ price rises

Government agrees 90-day price freeze for more than 1,200 products

Lithium prices are soaring, sparking more deals for key battery metal

World Bank rules out risk of hyperinflation in Argentina

Priciest food since 1970s is a big challenge for governments

Argentines hedge against yet another inflation spiral

A crypto-revolution in Argentina

Commodities boom swells Central Bank reserves to nine-month high

Argentina’s Central Bank move raises concern of higher inflation

Central Bank warns citizens of risks of cryptocurrencies

Beef-export ban to stoke steak prices worldwide

Provinces prep inflation-linked bonds forbidden by law

Argentina set to boost coffers amid rebound in commodity prices

Top Argentine gas shipper to face frozen rates for another year

Copper bonanza challenge for top producer Chile

Argentina can’t overcome its chronic inflation issue

Argentina records highest inflation rate in 18 months: 4.8%

Inflation data casts shadow over government’s target

What we learned this week: February 13 to 20

Here we go again

Inflation continues to rise: Prices were up 4% in January

Amid tension, Farming groups call three-day halt to grain trading

Argentine soy workers reach deal on wage hike, ending strike

UN: World food prices jump to six-year high

Subte fares to rise from next week, highway tolls could more than double

Argentina hikes rates after prices surge past expectations

Government freezes TV, Internet and mobile phone prices until 2021

Inflation reached 1.5% in May, second straight month under 2%

What is Argentina's US$45 'barril criollo' and how will affect local producers?

Petrol prices to stay up to preserve Vaca Muerta, says CECHA president

Fernández freezes rent prices, mortgage payments by decree

The oil shock of 2020 appears to be here – and the pain could be wide and deep

Fed cuts half point in emergency move in reaction to Coronavirus

Government likely to increase utility rates in June, says Cafiero

Venezuelan emigrants return as Maduro embraces capitalism

Government extends fuel price freeze until end of February

European Union takes Argentina off eased travel list

Guzmán: ‘IMF risks losing legitimacy if Argentina destabilises’

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With friends like these…

Gruesome killing of five-year-old Lucio Dupuy shocks Argentina

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Rosario: encontraron asesinada a una joven con múltiples puñaladas y se investiga un femicidio

El video del joven atacado por una patota en Pilar muestra que lo mataron en 20 segundos

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