An agreement between the Economy Ministry and transport union Camioneros sparked controversy after the Union took part in the auditing of Fair Prices, the government’s commercial agreement underpinning current price caps. Last November, the “Precios Justos” (Fair Prices) program froze the value of 1,907 products and set a …
There has been a lot of talk about inflation recently, with almost half the countries in the world reaching double-digit rates in 2022. In Argentina, it spiked to 94.8%, the highest since 1990. The figure put the country fourth in the world. As policymakers struggle to deliver immediate …
Major fuel retailers increased gasoline prices by 4% on Sunday and Monday. The increases were part of last November’s Fair Prices agreement between the government and oil companies, which allows companies to increase their prices by up to 4% between November and March. Economy Ministry Sergio Massa said …
The board of the Central Bank will not adjust interest rates following statistics institute INDEC’s announcement yesterday that inflation was 5.1% for December, just 0.2% over the previous month figure. Since September 15, the Central Bank has kept the annual nominal interest rate at 75% and a 107.5% …
The government confirmed yesterday that they will push for a wage hike barely above 60%, in line with the inflation rate stipulated in the budget, despite persistent doubts among trade unions about the economic team’s ability to slow down the rising prices in an election year. Labor Minister …
Inflation in Argentina spiked to 94.8% during 2022 according to the official statistics institute, the INDEC. Last year’s figure was the highest since 1990, a time when hyperinflation drove prices up by 2,314%. Last month’s inflation was 5.1%, a 0.2% increase from November (when it was 4.9%), but …
Business groups have called on La Rioja provincial government not to pass a law declaring lithium a strategic resource and suspending exploration permits. The dispute reflects broader debates on extraction models and the role the state should play in the Argentine lithium industry. Lithium law 10.608 was approved …
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 …
