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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. [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 ...
In April 2016, monthly inflation rose to 6.7%, the highest since 2002, according to the indicator, with annual inflation reaching 41.7%, one of the highest in the world. [181] Another estimate said that inflation reached 37.4%, the fiscal deficit 4.8%, and predicted GDP would fall by 1.9%. [ 182 ]
Since the late 2010s, prolonged inflation remained a constant problem of economy of Argentina, with an annual rate of 25% in 2017, second only to Venezuela in South America and the highest in the G20. On December 28, the Central Bank of Argentina together with the Treasury announced a change of the inflation target. [11]
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 country's high inflation rate has pushed the central bank to repeatedly hike the interest rate to the current level of 75%. Argentina inflation, highest in decades, seen at 6.7% in Sept Skip ...
When first printed in 2017, the 1,000-peso note was worth $58 on the black market. ... Even as annual inflation remains high, Milei cites a gradual slowdown in Argentina's monthly inflation rate ...
Prices rose at a rate of 8.8% last month, the Argentine government statistics agency reported, down from a monthly rate of 11% in March and well below a peak of 25% last December, when Milei became president with a mission to combat Argentina’s dizzying inflation, among the highest in the world.
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 ...