Argentina's February monthly CPI reached 6.6%, a higher number than the 6% registered in January. The hike was mostly caused by the rise in prices of food and beverages.
reached 6.6%, a higher number than the 6% registered in January. The rise was mostly caused by the increase in prices of food and beverages, which grew by 9.8%, hitting the pockets of Argentines. Inside this sector, meats spearheaded the hike, with prices rising by more than 30% in some cases.
Inflation reached record yearly levels, with prices rising 102.5% YoY, the highest number in more than 30 years. Even with this unprecedented behavior, analysts are predicting a further acceleration for March, which would thwart the expectations of the government of maintaining the CPI under 100% for 2023.
The numbers of Argentina are the second highest in Latam, only trailing behind Venezuela’s year-on-year CPI, which reached 155.8% in October.Local economists have expressed their worries about the acceleration of prices in the country, calling for changes in the economic policies of the government of Alberto Fernandez.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Japan registers two straight years of export growth in February, outlook less rosyJapan posted two straight years of export gains in February, led by solid U.S.-bound shipments of cars, although expectations of a strong recovery in demand are quickly fading amid global monetary tightening and worries about banks worldwide.
Consulte Mais informação »
Inflation fell to 4.6% in February in producer price indexBREAKING: Inflation plunged to a 4.6% annual rate in February, as measured by the producer price index.
Consulte Mais informação »
Asian Stock Market: Trades mixed to higher as the market digests US CPIThe Asian equity complexes are trading mix in the late hours of the Asian trading session. The ChinaA50 is down about 0.38% and HK50 is down about 0.
Consulte Mais informação »
Stock market news today: Dow snaps 5-day losing streak after CPIUS stocks rise as bank shares rebound and CPI shows inflation continues to cool
Consulte Mais informação »
February Retail Sales to Show if Consumers Pulled BackU.S. consumers have shown surprising vigor in early 2023, and a report on February retail sales will show whether that is changing
Consulte Mais informação »