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The inflation rate rose to almost 20% in the following year, but the ratio of debt to GDP plummeted. [54] Avellaneda's administration was the first to deliver a balance in the fiscal accounts since the mid-1850s. [54] Avellaneda passed on to his successor, Julio Argentino Roca, a much more manageable economic environment. [50] Quilmes brewery ...
The inflation rate in Argentina rose to 52.3 percent in February 2022 from 50.7 percent in the prior month, the steepest increase since September. [198] In August the interest rate was hiked to 69.5% as inflation further deteriorated hitting a 20-year high at 70% driven by many factors among them the 2021–2022 inflation surge and forecasted ...
The index (kuluttajahintaindeksi) is calculated and published by Statistics Finland [10] Finnish food prices have been increasing almost fastest in European Union. In the current year, consumer prices for food are forecast to increase by 4.5 per cent on average. [11]
Argentina's annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency. The data reflects the ...
Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to ...
The peso has depreciated around 60% compared to the U.S. dollar over the past year. It has occurred in parallel to one of the world’s highest inflation rates.
For most of the period between 1975 and 1990, Argentina experienced hyperinflation (averaging 325% a year), poor or negative GDP growth, a severe lack of confidence in the national government and the Central Bank, and low levels of capital investment. After eight currency crises since the early 1970s, inflation peaked in 1989, reaching 5,000% ...
On an annual basis, inflation in October was 193% compared to 209% reported in September. Milei has trumpeted falling prices in recent months as a victory in his fight against Argentina’s worst economic crisis in over two decades. The government has promised to reduce inflation below 3% before the end of the year, something it finally did.