News of prices

Argentina’s latest unorthodox tool to combat inflation: Artificial intelligence

Yesterdat 08:31 Argentina has come up with a new tool to keep track of price increases: artificial intelligence.

Vaca Muerta: Government's ace in the hole against energy price hikes

01-02-2023 10:37 Upward inflationary trend in first three months of year set to continue with further increases in utility prices on the way. But the government is banking on Vaca Muerta and the Néstor Kirchner gas pipeline continuing to pay off.

BLOOMBERG

Disappearing barbecues show global beef demand is under pressure

30-01-2023 17:09 It’s not uncommon to see meat-buying slide during downturns for the economy. What’s striking is that demand is falling faster in many of the countries where beef has traditionally been the protein of choice

Living with inflation

Price hikes continue as Argentina competes for another world title

13-01-2023 15:00 New data shows that Argentina is suffering from one of the worst inflation rates in the world: in 2022, prices increased by an almost unthinkable 94%.

ECONOMIC INDICATORS

Inflation spiked to three-decade high of 95% in 2022

12-01-2023 16:56 Rising annual inflation, which is expected to exceed 100% in the coming months, has once again become the dominant theme in Argentina.

WHAT LIES AHEAD IN 2023

Economy 2023: inflation and austerity in an election year

11-01-2023 23:28 The new year will be in a state of permanent tension, as Argentina grapples with spending cuts contained in the agreement with the International Monetary Fund and the political needs of a president in an election year.

BLOOMBERG

YPF is poised to rein in capex ambitions amid fuel controls

30-11-2022 22:29 State-run oil company YPF probably will set next year’s spending plan at the lower end of a range that executives are discussing internally.

BLOOMBERG

South America rain offers hope for relief in world food prices

15-11-2022 21:28 Rain finally fell in Argentina over the weekend and soy farmers started revving up tractors to make up for lost planting time.

ECONOMIC INDICATORS

Prices have risen by 88% over last 12 months, reveals INDEC

15-11-2022 17:06 Inflation was 6.3% in October, according to national statistics bureau; Price hikes stand at 76.6% since the turn of the year, with 2022 likely to end with a rate in triple digits.

BLOOMBERG – ANALYSIS

Argentina’s annual inflation spikes to 88%, topping G20 countries

15-11-2022 17:00 Consumer prices rose 88% in October from a year ago, surpassing Turkey’s 85.5% rate for the highest among Group of 20 nations.

ECONOMIC OUTLOOK

Deputy economy minister admits 'hyperinflation risk'

14-11-2022 18:44 "There is a risk of hyperinflation in Argentina, we are having six or seven points of inflation per month. That's why we have to fight day-by-day on all fronts," Gabriel Rubinstein tells local radio station.

INTERVIEW / PERIODISMO PURO

Kelly 'Raquel' Olmos: ‘Argentina has an exemplary labour movement’

05-11-2022 06:10 New Labour Minister Kelly 'Raquel' Olmos on Argentina’s labour movement, employment rights, collective bargaining, and Alberto Fernández’s re-election hopes.

by Jorge Fontevecchia

ECONOMIC OUTLOOK

Inflation seen peaking over 130% next year, EcoGo says

01-11-2022 21:48 Inflation in Argentina is projected to peak at over 130 percent next year from its current level of 83 percent, according to a new report by Buenos Aires-based consultancy firm EcoGo.

Vice-president on warpath

Fernández de Kirchner reignites infighting with inflation jab

26-10-2022 17:37 Vice-President Cristina Fernández de Kirchner reignites infighting in the ruling coalition by criticising price increases authorised by her own government.

EDITORIAL

The discreet charm of inflation

14-10-2022 09:11 The vested interests benefitting from inflation in Argentina are extremely powerful and go a long way towards explaining its extraordinary persistence.

Labour unrest

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.

Bloomberg

Drought, soaring fertiliser costs push Argentine farmers to grow more soy

22-09-2022 11:13 Farmers are grappling with a third straight year of withering drought ahead of the growing season, but this year they have a new strategy to beat it: plant soybeans.

BLOOMBERG - ANALYSIS

Inflation spike shows clock is ticking for Sergio Massa

19-09-2022 16:26 Surge in inflation last month underlines the magnitude of the challenge facing Sergio Massa.

BLOOMBERG - ANALYSIS

Inflation hits 79% ahead of likely rate hike

15-09-2022 15:20 Annual inflation in Argentina surged to 78.5 percent in August, almost certainly cementing another Central Bank interest rate hike as early as this week.

BRAZIL ELECTION 2022

Hunger returns to haunt Brazil amid divisive vote

15-09-2022 02:52 More than 33 million Brazilians live in hunger and the figure has become the subject of a bitter political battle as Latin America's biggest economy heads for a crucial October election.

FEATURE

Inflation is upending politics in the most unequal region on Earth

15-09-2022 02:22 In Latin America, persistent high inflation is widening the gap between rich and poor in what is already the world’s most unequal region.

INTERNATIONAL MONETARY FUND

'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.

ECONOMIC INDICATORS

Food and fuel price rises put pressure on August inflation figure

03-09-2022 15:34 Most analysts and consultancy firms expect price rises totalled at least 6% last month, with some anticipating a monthly rate that’s closer to 7%.

Bloomberg

World food prices post biggest decline since 2008 in July

05-08-2022 20:39 Global food prices fell the most since 2008 after concerns over supplies of grains and vegetable oils eased as Ukraine moved toward restarting exports.

latin america

Guatemala president warns millions could die as visits Ukraine

26-07-2022 16:34 Guatemalan president warns of potential deaths from “food crisis” caused by Russian invasion, in Ukraine visit.

Panama Protests

Fresh roadblocks as Panama protesters reject deal

19-07-2022 14:13 Panama government’s deal with protesters fell through this Monday as roadblocks returned. Social groups made u-turn on agreement to end protests in return for lowered fuel costs.

Panama Protests

Panama government and protesters strike deals to clear key highway

18-07-2022 13:48 Panama's government agreed to lower fuel prices to end the Panamerican Highway blockade. Indigenous-led protests have halted food transportation over the last fortnight.

Panama Protests

Panama government reduces fuel prices in face of protests

14-07-2022 11:54 Panamanian protests achieve lowered fuel prices and rate-freezing for other essentials.

Brazil Elections

Brazil annual inflation rate rises to 11.89%

11-07-2022 17:01 June brings accelerated inflation to Brazil, driven mainly by increased food costs, as Jair Bolsonaro’s re-election looms.

BLOOMBERG

Overnight 20% price jump supercharges inflation crisis

08-07-2022 11:15 Before the peso plunges even further and before retailers can jack up prices further, Argentines are rushing out to buy their essentials as soon as possible.

LIVING IN CRISIS

Nervous buying and price hikes in Argentina amid inflation fears

07-07-2022 23:49 Economic turmoil has provoked a wave of fear, triggering a surge in the value of the dollar on Argentina's parallel exchange markets and a sharp rise in prices.

HUNGER

One-tenth of the world is hungry – and war risks worsening the crisis

07-07-2022 08:42 Number of undernourished people rose by about 6% to roughly 768 million last year, an annual report by United Nations agencies shows.

Latin America

Indigenous protests cost Ecuador US$1 billion, central bank says

05-07-2022 10:00 Days of protests over the cost of living by indigenous Ecuadoreans could cost the country at least US$1 billion, claims nation's central bank.

POLITICS & ECONOMY

Fernández vows to comply with IMF objectives as crisis talk grows

01-07-2022 11:33 Peronist leader says Argentina is committed to reducing fiscal deficit and boosting Central Bank reserves, despite renewed talk of financial crisis.

Unrest in Ecuador

Ecuador talks falter after soldier killed by 'violent demonstrators'

29-06-2022 13:22 Negotiations to end more than two weeks of disruptive living cost protests by indigenous Ecuadoreans were dealt a blow Tuesday when the killing of a soldier prompted the government to suspend participation.

G7 Summit

As Ukraine fallout worsens, G7 seeks to woo fence-sitters

28-06-2022 15:48 Five emerging powers, including Argentina, have become the object of the G7 industrialised powers' charm offensive, as the club of rich nations seeks broader support in their backing for Kyiv. Argentina has condemned Russia’s invasion of Ukraine.

POVERTY

2,800 Argentines slipping into poverty every day, experts warn

23-06-2022 23:20 Private estimates reveal horrifying social data underlining that being employed, whether formally or informally, is no guarantee against being poor. With annual inflation approaching three digits and sustained price increases for food and beverages above the monthly average, family incomes are increasingly falling short.

by Gonzalo Martínez

PRICE OF POVERTY

Family needs almost 100,000 pesos a month not to be poor

23-06-2022 14:29 A typical family in Argentina needed to earn almost 100,000 pesos in May not to qualify as living in poverty, according to INDEC.

UNREST IN ECUADOR

Indigenous protester dies at anti-government demos in Ecuador

22-06-2022 11:01 Indigenous protester dies in clashes with law enforcement officers as demonstrations against the Ecuadorean government head into tenth day.

WORLD ECONOMY

How do interest rates affect the real economy?

16-06-2022 12:42 Faced with the highest inflation in four decades, central banks in the United States, eurozone and UK are hiking interest rates in order to contain inflation.

FEATURE

With 58% inflation, nobody in Argentina knows the price of anything

31-05-2022 12:47 With inflation at 58% and accelerating, Argentina's economy is an outlier even in a world where prices are taking off almost everywhere.

And that reminds me…

Not getting the hang of it

28-05-2022 01:00 The Kirchnerite wing of the Frente de Todos coalition has come to the final conclusion that the “war on inflation” is irreversibly lost, leading to a refusal to have any official of its kidney attached to that failure.

by Michael Soltys

INFLATION

Inflation bites, but high-end consumption is still on the rise

27-05-2022 00:23 Prices are rising by an average of 70% year-on-year and many popular purchases are collapsing, though tourism, theatres, gastronomy, cars and household appliance sales are in full swing.

PRICES SURGE IN REGION

Inflation a severe risk to Latin America's stability, warn analysts at Davos

24-05-2022 09:25 Inflation threatens the immediate future and political stability of Latin America, experts warn at event in Davos.

BRAZIL UNDER BOLSONARO

Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar

24-05-2022 08:56 Brazilian President Jair Bolsonaro dismisses president of state oil giant Petrobras – who had been in the job for only 40 days.

Marcha Federal Piquetera

Protesters demand jobs, better wages amid rampant inflation

12-05-2022 23:52 Tens of thousands of demonstrators from across the country descend on Buenos Aires for a massive rally, sparking traffic chaos in the capital.

ECONOMIC INDICATORS

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.

BLOOMERG

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.

PRICE HIKES

Brazil April inflation rate hits 26-year high

11-05-2022 16:18 Brazil's inflation rate hit a 26-year high for the month of April, the government said Wednesday, as spiralling prices continued to defy the central bank's push to rein them in.

HARVEST BOOM

Global grain shortage an opportunity for Argentina's 'green gold'

06-05-2022 15:48 Soybean harvest will be smaller than last year, but it will bring in record prices as a result of Russia's attack on Ukraine. Agro-industrial exports could reach as high as US$41 billion this year, according to experts.

News of prices

Argentina’s latest unorthodox tool to combat inflation: Artificial intelligence

Vaca Muerta: Government's ace in the hole against energy price hikes

Disappearing barbecues show global beef demand is under pressure

Price hikes continue as Argentina competes for another world title

Inflation spiked to three-decade high of 95% in 2022

Economy 2023: inflation and austerity in an election year

YPF is poised to rein in capex ambitions amid fuel controls

South America rain offers hope for relief in world food prices

Prices have risen by 88% over last 12 months, reveals INDEC

Argentina’s annual inflation spikes to 88%, topping G20 countries

Deputy economy minister admits 'hyperinflation risk'

Kelly 'Raquel' Olmos: ‘Argentina has an exemplary labour movement’

Inflation seen peaking over 130% next year, EcoGo says

Fernández de Kirchner reignites infighting with inflation jab

The discreet charm of inflation

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

Drought, soaring fertiliser costs push Argentine farmers to grow more soy

Inflation spike shows clock is ticking for Sergio Massa

Inflation hits 79% ahead of likely rate hike

Hunger returns to haunt Brazil amid divisive vote

Inflation is upending politics in the most unequal region on Earth

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

Food and fuel price rises put pressure on August inflation figure

World food prices post biggest decline since 2008 in July

Guatemala president warns millions could die as visits Ukraine

Fresh roadblocks as Panama protesters reject deal

Panama government and protesters strike deals to clear key highway

Panama government reduces fuel prices in face of protests

Brazil annual inflation rate rises to 11.89%

Overnight 20% price jump supercharges inflation crisis

Nervous buying and price hikes in Argentina amid inflation fears

One-tenth of the world is hungry – and war risks worsening the crisis

Indigenous protests cost Ecuador US$1 billion, central bank says

Fernández vows to comply with IMF objectives as crisis talk grows

Ecuador talks falter after soldier killed by 'violent demonstrators'

As Ukraine fallout worsens, G7 seeks to woo fence-sitters

2,800 Argentines slipping into poverty every day, experts warn

Family needs almost 100,000 pesos a month not to be poor

Indigenous protester dies at anti-government demos in Ecuador

How do interest rates affect the real economy?

With 58% inflation, nobody in Argentina knows the price of anything

Not getting the hang of it

Inflation bites, but high-end consumption is still on the rise

Inflation a severe risk to Latin America's stability, warn analysts at Davos

Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar

Protesters demand jobs, better wages amid rampant inflation

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

Central Bank raises key rate to 49% as inflation jumps

Brazil April inflation rate hits 26-year high

Global grain shortage an opportunity for Argentina's 'green gold'

Lucio Dupuy trial: Mother, partner found guilty of killing five-year-old

Publisher brings LatAm's best lit to English-speaking audiences

Verdict due in trial for horrific killing of five-year-old Lucio Dupuy

Central Bank approves higher denomination 2,000-peso bill

Child marriage is always forced

El "cometa verde" visto desde Argentina, en su primera visita a la Tierra en 50.000 años

Impactante sismo en Turquía y Siria: se desplomaron edificios enteros y hay casi 100 muertos

“En Dominique observo parecidos con Mónica Cahen D’Anvers”, explica Eduardo Metzger

Jorge Asís: “Massa y Larreta es casi como Thompson & Williams”

La tensión interna entre Schiaretti y Llaryora inquieta al peronismo