Monday, October 6, 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Bank of Canada Reduces Bond Purchases, Hints at Earlier Rate Increase

The Bank of Canada took a more prudent monetary approach on Wednesday, in wake of...

Thursday, April 22, 2021, 11:42:00 AM

Are Markets Predicting The Fed To Cut Interest Rates Every Month?

Financial markets are reportedly pricing in a scenario where the Federal Reserve might implement rate...

Thursday, January 11, 2024, 07:32:00 PM

Canadian Inflation Rises to 1.3% In January, Price Pressures Continue to Remain Subdued

Inflation levels in Canada rose slightly in January amid an increase in gasoline prices, but...

Wednesday, February 17, 2021, 02:45:00 PM

Quebec Hands Out Money… To Fight Inflation

In today’s class on How to Combat Inflation 101, we learn that the best way...

Wednesday, March 23, 2022, 11:17:00 AM

Jerome Powell Once Again Defends Fed’s Dovish Response to Surging Inflation

Fed Chair Jerome Powell spent Wednesday and Thursday defending the central bank’s ultra-dovish monetary policy,...

Friday, July 16, 2021, 10:56:00 AM