Social Development Minister Victoria Tolosa Paz announced yesterday that 154,441 recipients of the Potenciar Trabajo (Empowering Work) welfare program would be cut off for failing to verify their identities in an online form. The form was carried out through the government’s Mi Argentina app between November 22 and …
The government is monitoring imports through meetings of the SIRA system committee and conversations with business chambers. The end goal: “managing” the shortage of dollars and preventing the lack of inputs from interrupting production in factories, thus causing labor problems. The Argentine Industrial Union (UIA) released a harsh …
Economy Minister Sergio Massa has lashed out at the International Monetary Fund (IMF), indicating in two interviews over the weekend that the country had made a series of difficult political decisions and was seeing little goodwill in return. “Argentina complied with its program, but the Monetary Fund is …
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 …
