Search results
Results from the WOW.Com Content Network
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.
Prices in Argentina are climbing, despite positive signs of a deceleration, with the embattled South American country's annual inflation rate set to edge closer to 300% when the government reveals ...
"Chicken consumption has grown and that's driven by price," said butcher Daniel Lopez on the outskirts of Buenos Aires, explaining that the cheapest price for a kg of minced beef was 5,000-6,000 ...
At that point Argentina was more politically polarized than it had been since 1880. The landowning elites and other conservatives pointed to an exchange rate that had rocketed from 4 to 30 pesos per dollar and consumer prices that had risen nearly fivefold. Employers and moderates generally agreed, qualifying that with the fact the economy had ...
A drought-affected corn field in the town of Serodino, Santa Fe province, Argentina, on Thursday, Nov. 9, 2023. ... raised the price of corn in Argentina, Mexico, Nicaragua and the Dominican ...
Careful Pricing (Spanish: Precios cuidados) is an Argentine Price controls program. It was established during the presidency of Cristina Fernández de Kirchner to control inflation levels. Although Mauricio Macri initially rejected continuing with the program, high inflation levels and the economic crisis occurred during his presidency made him ...
Argentina's currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar. As of that year, it is under a stand-by program from the International Monetary Fund. In 2019, the currency fell further by 25%. In 2020, it fell by 90%, in 2021, 68%, [24] and a further 52% in 2022 (until July 20). [25]
The relentless pace of creeping prices in Argentina provides the new president's plan for immediate shock therapy little margin for error, with many citizens already wondering how they will ...