Back

LatinNews Regional Monitor: Brazil & Southern Cone - 16 April 2018

In brief: Argentina

Argentina: In an interview with local radio Mitre, Argentina’s labour minister, Jorge Triaca, recognised that the government led by President Mauricio Macri is “concerned” about inflation. Triaca's remarks follow the release of the latest inflation figures by Argentina’s national statistics institute (Indec) which showed that the monthly inflation in March was 2.3% and that the cumulative inflation for the first quarter was 6.7%. This means that the inflation rate is currently running at around 42% of the central bank’s target of 15% for the year, which is now likely to be missed. While the Indec report attributed the higher rate of inflation to a fall in the value of the Argentine peso against the US dollar and increased public transport fares, Triaca said it was due to an increase in public service tariffs and international gas prices in the first quarter of the year. 

End of preview - This article contains approximately 148 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.