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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. [183] 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 ...
1 year bond. The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors. As a result, the presidency of Mauricio ...
Between 1860 and 1930, exploitation of the rich land of the pampas strongly pushed economic growth. [4] During the first three decades of the 20th century, Argentina outgrew Canada and Australia in population, total income, and per capita income. [4] By 1913, Argentina was among the world's ten wealthiest states per capita.
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
In Argentina, a country with a chronic inflation problem, the interest rate was hiked to 69.5% in August, as inflation has further deteriorated hitting a 20-year high at 70%, and is forecasted to top 90% by the end of the year. [196] Inflation hit past 100% in February 2023 for the first time since 1991.
The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. [citation needed] The exchange rate at the end of each month is expressed in: January 1914 – December 1969: peso moneda nacional. January 1970 – May 1983: peso ley.
The 1998–2002 Argentine great depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. [1][2][3][4][5][6] It followed fifteen years of stagnation and a brief period of free-market reforms. [5] The depression, which began after the Russian and Brazilian financial ...
A 7-point underestimate in inflation could save the Central Bank of Argentina US$3 billion in inflation-indexed interest payments, while higher economic growth would cost added interest on bonds tied to GDP; hence, there is a short-run financial benefit to the government from a discrepancy between the two inflation readings in the table. [23]