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 …
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 …
