Living with inflation Shopkeepers struggle to keep pace with soaring prices 25-11-2023 13:08 Annual inflation is already at 143% and prices rose even further after price controls on basic goods were eased.
Election 2023: Fall-out Milei says it could take two years to tame Argentina's inflation 20-11-2023 12:51 President-elect says it will take between 18 and 24 months to bring Argentina's rampant inflation under control as he outlined his plans to reform the economy.
BLOOMBERG - ANALYSIS Milei opens a new era: What comes next in Argentina policy-making 20-11-2023 09:25 Milei’s biggest political challenge will be his lack of support in Congress, where his party only counts a minority of senators and a fraction of lower house representatives.
Living with inflation A shirt for rice: bartering to survive in inflation-battered Argentina 15-11-2023 11:06 Faced with soaring prices as inflation bites away at purchasing power, ever-increasing numbers of Argentines are turning to bartering to make ends meet.
Living with inflation Inflation hits new high before presidential run-off vote 13-11-2023 19:05 Inflation rate has hit 143%, just days before a presidential run-off election in which the state of the economy will be a deciding factor.
ECONOMIC INDICATORS Annual inflation hits 143% before election 13-11-2023 17:51 Inflation in Argentina accelerated last month to its highest annual level since the country was exiting hyperinflation more than three decades ago.
ECONOMIC INDICATORS Inflation slowed to 8.3% in October, prices up 142.7% year-on-year 13-11-2023 16:06 Inflation slowed in October to 8.3%, reports INDEC; Consumer prices in Argentina up 142.7% over the last 12 months.
FUEL TAX FREEZE Massa says Argentina will freezes fuel levies until February 2024 01-11-2023 16:22 Deep into election campaign, Argentina's government postpones fuel tax hike to 2024 to avoid further price hikes.
ANALYSIS Inflation surges to 138% ahead of presidential election 12-10-2023 16:50 Inflation jumps to its highest level in three decades, underscoring the extent of the economic crisis that will confront the winner of the country’s presidential election.
Economic indicators Inflation hit 12.7% in September, annual rate soars to 138% 12-10-2023 16:16 Argentina's national statistics bureau reports that inflation reached 12.7% in September; Consumer prices have risen by 138.3% over the last 12 months and by more than 103% in just the first nine months of the year, according to government data.
Ticket prices Rich fans only: South Americans grumble over cost to watch football 10-10-2023 14:44 Fútbol del pueblo? Not so much – watching the region’s stars play in the flesh has become inaccessible to most as ticket prices hit the roof.
ECONOMIC INDICATORS Central Bank: Inflation averaged 12% in August, September 09-10-2023 21:10 Argentina’s monthly inflation rate averaged 12% in August and September, according to the Central Bank’s monthly monetary policy report.
ECONOMIC INDICATORS Private study says food prices surged almost 13% in September 03-10-2023 17:24 Food prices increased by 12.8% on average in September, according to a new private study; Some items like sugar have soared by more than 280% in last year, reports Focus Market consultancy firm.
No 'Verano en la costa'? Prices in dollars puts Argentines’ summer vacations in doubt 26-09-2023 15:33 When the sweltering summer arrives, many in Argentina flock to the Atlantic coast for their summer break. But with inflation eating away at spending power and prices now being listed in dollars, 'verano en la costa' is now out of reach for many.
Living with inflation Less beef, more chicken: Argentines adjust diets due to inflation 20-09-2023 09:28 Customers are digging deep inside their pockets to buy beef, a staple of the Argentine diet, due to a surge in prices which guts consumption.
EDITORIAL Cheaper by the dozen? 16-09-2023 05:47 While there is more than one reading of Sergio Massa’s tax cuts, all lead to more inflation. If one side of political polarisation blames the fiscal deficit for rising prices and the other business greed, both are simplistic.
ECONOMIC INDICATORS Government to release inflation estimate on a weekly basis 15-09-2023 21:08 Argentina, which recorded a monthly inflation rate of 12.4% last month alone, will start releasing a weekly consumer price index.
ECONOMIC INDICATORS Argentina's monthly inflation surges to 12.4%, worst since 1991 13-09-2023 19:56 Consumer prices rose 12.4% in August from July, the highest monthly increase since 1991 when the country was exiting hyperinflation.
ECONOMIC INDICATORS Inflation in August hit 12.4% – highest monthly rate in 32 years 13-09-2023 16:11 Data from INDEC national statistics bureau shows consumer prices soared by more than 12% last month; First monthly figure to accommodate impact of post-PASO devaluation of peso; Inflation over last 12 months reaches 124.4%.
ECONOMIC INDICATORS Brazil inflation accelerated in August to 4.61% 12-09-2023 14:54 Brazil’s inflation rate rises for second straight month in the wake of trimming of rates by central bank, but food prices decrease.
CROSS-BORDER SHOPPING Border-crossing Uruguayans enjoy bargain shopping in Argentina 11-09-2023 07:42 Faced with the constant devaluation of Argentina's peso, thousands of Uruguayans cross bridges to the neighbouring country every day to take advantage of cheaper goods and services.
ECONOMIC INDICATORS Inflation in Buenos Aires City reached 10.8% in August 07-09-2023 17:06 Price increases jump double-digits after devaluation of peso; Hikes total 127.3% over last 12 months; Consultancy firm forecasts 130% inflation nationwide in 2024.
Living with inflation The Odyssey: Making it to the end of the month amid runaway prices 07-09-2023 12:56 Six Argentines share tips on living with inflation and coping with escalating prices. Recipes for trying to reach the end of the month are very varied, ranging from cutting back on car insurance, not buying clothes, wrapping up to save on gas or disposing of assets to cover debts. Many employees, including skilled workers, don’t manage to reach the end of the month, or at least not without taking on a little debt. by Agustina Bordigoni
DANCE & CULTURE In inflation-hit Buenos Aires, tango enthusiasts sway the blues away 06-09-2023 09:36 Many milongas have had to close amid spiralling inflation, but the biting economic crisis cannot keep tango enthusiasts from heading to the capital's dance halls.
INTERVIEW / PERIODISMO PURO Alejandro Werner: ‘Trump would’ve backed Fernández and Biden would’ve Macri’ 02-09-2023 06:17 Former Western Hemisphere director for the International Monetary Fund and ex-Mexico government official Alejandro Werner on Argentina’s programme, political backing from Washington and the country’s troubled relationship with the multilateral lender. by Jorge Fontevecchia
GOVERNMENT MEASURES Argentina fixes oil price at US$56 a barrel to put inflation in check 18-08-2023 14:27 Argentina has fixed the price of oil received by drillers at US$56 as it scrambles to stop inflation getting further out of control after this week’s currency devaluation.
ANALYSIS Inflation cooled to 113% before election price surge 15-08-2023 16:58 Annual inflation in Argentina eased slightly in July before last Sunday’s stunning election result sent prices soaring.
ECONOMIC INDICATORS Inflation accelerates again with fears of worse to come 15-08-2023 16:37 Consumer prices rose 6.3% in July and are up 113.4% in the last 12 months; Measurement does not include this week’s devaluation of the official exchange rate, prompting analysts to warn of double-digit hikes in the near future.
ECONOMIC INDICATORS City inflation hit 7.3% in July, prices up nearly 118% in year 07-08-2023 16:50 Between January and July, prices accumulated a rise of 62.3%, according to the City Hall data.
INFLATION WOES Beef prices to pour more fuel on 116% inflation 07-08-2023 08:28 Decision to temporarily weaken the exchange rate for corn exports — designed to spur shipments abroad — has bumped up domestic feed costs. Now beef prices are set to soar in the coming months.
ANALYSIS Argentina monthly inflation slowed in June for second straight month 13-07-2023 16:58 Inflation in Argentina slowed more than expected for a second straight month in June, prolonging a brief respite even as living costs continue increasing at an elevated pace.
ECONOMIC INDICATORS Inflation in Argentina slowed to 6% in June, reveals INDEC 13-07-2023 16:07 Prices have risen by 115.6% over the last 12 months and by more than 50% in the first half of the year, according to government data.
Living with inflation Finding treasure among waste at Buenos Aires' central market 19-06-2023 10:15 As runaway inflation slashes spending power and the price of fruit and vegetables soar, citizens are improvising ways to make ends meet.
Living with inflation Spend now, worry later: no point saving in inflation-stricken Argentina 15-06-2023 15:04 Packed restaurants, long lines outside the theatre, concerts that sell out in hours – Argentines with purchasing power are responding with a frenzy of consumption in the face of soaring inflation.
TICKET PRICES Messi mania in Miami pushes ticket prices up to Taylor Swift levels 15-06-2023 14:02 The cost to see Inter Miami play next month is approaching that of clinching a last-minute ticket for Swift on Friday, and that’s even before the Argentine superstar officially joins Major League Soccer.
INFLATION DATA Opposition slams government for ongoing inflation woes 15-06-2023 00:15 Opposition presidential hopefuls and critics from libertarians to leftists slam May inflation data and government’s “index of failure and decadence."
ANALYSIS Inflation hits 114% as government faces dollar shortage 14-06-2023 22:24 Argentina's monthly inflation unexpectedly slows in May but stays elevated.
ECONOMIC INDICATORS Consumer prices in Argentina rose 7.8% in May, reveals INDEC 14-06-2023 16:04 Inflation over the last 12 months now totals 114.2%, according to government data, with prices up 42.2% in the first five months of the year.
ECONOMIC OUTLOOK Analysts in Argentina forecast 148.9% inflation in 2023 10-06-2023 08:45 Latest Central Bank survey of market expectations produces 148% estimate for inflation in 2023 – a 22-point hike on previous forecast.
INTERVIEW / PERIODISMO PURO Martín Guzmán: ‘Abandoning the currency never did anybody any good’ 10-06-2023 06:27 Argentina’s former economy minister on tackling inflation, unifying the exchange rate regime, the IMF debt deal he negotiated and what happens after the October election. by Jorge Fontevecchia
CURRENCY WOES In distorted Buenos Aires rental market, it's dollar vs peso 02-06-2023 10:15 Renting in pesos and on a long-term basis is a titanic task in the capital, where temporary and dollar-denominated supply dominates the market.
ECONOMIC INDICATORS Analysts forecast May inflation rate of 9.1% 01-06-2023 17:11 Consultancy firm predicts that prices accelerated in May for a sixth consecutive month.
BOOKS & LITERATURE Inflation woes reach book publishers as the price of paper surges 27-05-2023 06:31 Small publishers at the Buenos Aires International Book Fair discuss the challenges of coping with runaway inflation; Resistant readers help literary houses to survive crisis. by Api Dhadda
INTERVIEW / PERIODISMO PURO Carlos Heller: ‘Lowering inflation is a must, otherwise no success is possible’ 20-05-2023 07:00 Banco Credicoop banker and national deputy Carlos Heller on the never-ending battle against inflation, its causes and the impact of the drought on Argentina’s economy. by Jorge Fontevecchia
EDITORIAL April showers bring no May flowers 20-05-2023 07:00 There can be no doubt that inflation is public enemy number one.
FIGHT AGAINST INFLATION Central Bank ramps up interest rate to 97% as inflation soars 15-05-2023 14:37 Argentina's Central Bank hiked its base interest rate Monday by six points to 97 percent, the first in a series of measures to tackle soaring inflation ahead of October's general election.
BLOOMBERG - ANALYSIS Inflation continues to accelerate, surging to 108.8% in April 12-05-2023 16:49 Argentina consumer prices in April rose 8.4% month on month, 108.8% year-on-year; Peso has lost 13% against the dollar in parallel markets in April.
ECONOMIC INDICATORS Prices rose 8.4% in April, pushing annual inflation rate to 108.8% 12-05-2023 16:06 Consumer prices rose 8.4% last month, reveals INDEC national statistics bureau; Inflation over the last year totals 108.8%, according to official data.
ECONOMIC INDICATORS Food leads price surges as experts forecast 126% inflation rate 12-05-2023 10:42 Latest Central Bank survey estimates a 7.5% jump in prices for last month and a 126.4% annual increase; Argentina suffered second-highest jump in food costs over past year, according to World Bank.
FINANCIAL TURBULENCE Massa rejects devaluation speculation as peso sinks 22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.