WASHINGTON (Reuters) – US consumer prices fell for the first time in more than two and a half years in December amid declining prices for gasoline and motor vehicles, offering hope that inflation was now on a sustained downward trend, though the labor market remains tight. Americans also got …
The effects of the drought in the 2022/23 farming season will be one of the greatest challenges for the Argentine economy this year. The latest projections from the Buenos Aires Stock Exchange anticipate that exports from the main grain complexes could fall by between US$9.2 billion and US$14.1 …
The drought affecting over half of Argentina’s national territory means agricultural production levels this year will be lower than the 2021/2022 season and below the five-year average, especially for wheat. That is the warning in a report from the Grains Exchange, which said the 2022/2023 season is characterized …
Local and international analysts have forecast the key figures for Argentina’s economy in 2023, and their conclusions differ broadly, with GDP growth projected to be between 0.4% and “more than three points”. However, international financial institutions, national consulting firms and the government all agree that high inflation will …
The Economy Ministry is drafting a bill to guarantee the functional and economic independence of the official statistics institute, the INDEC. According to a non-public draft seen by the Buenos Aires Herald, the project aims to transform the agency into a “decentralized and autarchic entity with functional autonomy …
The heads of the Argentine and Chinese central banks confirmed the activation of the currency swap the two countries signed last November. The president of Argentina’s central bank, Miguel Pesce, met with the governor of the People’s Bank of China, Yi Gang, in the Swiss city of Basel. …
The Economy Ministry refinanced its maturities for the first three months of 2023 from AR$4.3 trillion to AR$1.41 trillion in what it considered a “successful” debt swap. The swap, which was offered on December 29 and due Tuesday, had an adherence of 67.2%. The Finance Department highlighted the …
With no official numbers yet, estimates show December ended with an inflation rate above 5%. Thus, 2022 ended with a Consumer Price Index (CPI) rise close to 95% year-on-year, a record in recent decades. And the outlook for 2023 is not encouraging. Several analysts have pointed to a …
Last Thursday, the Economy Ministry announced a debt swap, or “conversion”, due today, with the goal of postponing bonds maturing in the first quarter of 2023. The initial offer, made for holders of eight bonds, consisted of two different “bond batches”: one made up of LEDES with maturities …
