Friday, September 12, 2025

Latest

Argentina Inflation Breaches 100%

Argentina’s annual inflation rate surpassed 100% in February, according to the country’s statistics agency, the first time it has done so since a period of hyperinflation in 1991, more than three decades ago.

According to government figures, 12-month inflation was 102.5% in the second month of the year, with a higher-than-expected 6.6% monthly jump in the Consumer Price Index (CPI) and a 13.1% year-to-date increase.

The impact of skyrocketing costs is being felt acutely in Argentina’s markets, shops, and homes, as one of the world’s highest inflation rates strains people’s budgets.

The administration has tried in vain to contain growing costs, which harm people’s earning power, savings, the country’s economic progress, and the ruling party’s chances of retaining power in the next elections.

Many individuals on the streets can only talk about inflation. It breeds dissatisfaction and rage since wages frequently lag behind the cost of goods, despite government plans to cap prices and limit grain exports in order to bolster domestic supplies.

With such severe inflation, prices fluctuate virtually weekly.

Market returns in the country is a different story. At the start of this year, the stock market exploded higher, up 142% in 2022.

The Argentina peso plummeted versus the US dollar in 2022, declining about 40%. Still, that means Argentina’s stock market appreciated about 35% on a real basis during the year.


Information for this briefing was found via Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Argentina: Newly-Elected President Javier Milei Promises To Dollarize Economy

Javier Milei secured victory in Argentina’s presidential elections, signaling a shift to the right amid...

Monday, November 20, 2023, 10:57:00 AM

Bank of Canada Likely to Keep Delivering Major Rate Hikes Despite Inflation Slowdown

Despite last month’s slowdown in headline inflation, many Bay Street economists still think the Bank...

Friday, August 19, 2022, 04:04:00 PM

Inflation Fears Set In As US PMIs Surge to Record Highs in May

Inflation warnings are flashing an even brighter red, as the latest PMI flash reading surged...

Sunday, May 23, 2021, 01:10:00 PM

Federal Reserve to Begin Tapering by $15 Billion in November, Stays Put on Interest Rates

The Federal Reserve has finally decided to take a more hawkish stance on its bottomless...

Thursday, November 4, 2021, 10:19:00 AM

Turkish Lira Plummets After Central Bank Cuts Rates AGAIN Despite Surging Hyperinflation

In the banana republic that is Turkey, when Erdogan wants cheap money, he gets cheap...

Friday, August 19, 2022, 09:59:00 AM