Energy Secretary Flavia Royón announced yesterday that power prices would go up by 36% during the third stage of subsidy segmentation, which will start this year. This announcement was made the same week that a new mission from the International Monetary Fund (IMF) arrived to review Argentina’s accounts …
Prices rose by 7.3% in January in Buenos Aires, according to the city government’s statistics and census board. Inter-annual inflation in the capital hit 99.4%, with values soaring above 100% in several economic sectors. The figure represents a 1.5% increase compared with December, when monthly inflation for the …
Analysts consulted by Argentina’s central bank expect surging consumer prices to rise slightly this year, the bank said on Friday, which would mark a second straight year of near triple-digit inflation for South America’s second-biggest economy. Consumer prices are seen rising by an annual rate of 97.6% in 2023, …
Rainfall over the past few days has improved the conditions of planted soybeans and corn, especially in plantations that were sowed later. The development makes for welcome good news considering that both crops represent more than US$30 billion in exports and that the oilseed by itself brings in …
The Argentine government slapped Prometeon, a licensee of the Milan-based tire manufacturer Pirelli, with a US$20 million fine on Thursday for over-declaring the value of its imports by that sum. According to an investigation by Argentina’s tax and customs authorities, from 2020 to 2022, Prometeon regularly sent tires …
The government will launch the second stage of the Precios Justos (Fair Prices) price control agreement today, which will allow companies to mark up prices by 3.2% a month. The original program, officially launched by the Economy Ministry on November 11, froze the value of roughly 2000 products …
The board of the Central Bank approved today the issue of the AR$2000 bill (US$10.66 at the official rate and US$5.63 at the MEP rate at the time of writing). It will become Argentina’s highest-denomination bill. According to sources close to the matter, the new bill could be …
As a result of the drought, the drop in international prices and lower grain sales, the settlement of foreign currency in January closed with a cumulative amount of only US$928 million, which marks the worst record since 2007 and a 61% drop year-on-year. The economic challenge going forward …
A government commission yesterday started to debate a tax regime bill that would allow Argentine residents who freelance for companies abroad to earn up to US$30,000 a year without converting them to pesos. If approved, the bill would substantially increase the amount of money that contractors and freelancers …
