Argentina's inflation up to 124.4% in August - Breaking The News

Argentina's inflation up to 124.4% in August

13 September

1 min read

EPA-EFE/LUCIANO GONZALEZ

Argentina's Consumer Price Index (CPI) increased by 124.4% year-on-year in August, according to a report published on Wednesday by the country's National Institute of Statistics and Censuses (INDEC). On a monthly basis, inflation climbed to 12.4%, reaching a record not seen for the past 32 years.

The division with the highest year-on-year increase was restaurants and hotels, which jumped 142.2%, followed by food and non-alcoholic beverages, which rose 133.5%, and home equipment and maintenance, with a growth of 125.0%. The sector that recorded the smallest increase was transportation, with a rise of 106.9%.

The CPI increased by 80.2% in the first eight months of 2023 compared to the same period in the previous year.

data cpi

South Korean inflation rises from 2% to 2.1%

3 hours ago

The annual inflation rate in South Korea came in at 2.1% in March, rising from the 2% registered in February, according to Wednesday's data from Statistics Korea. The figure came in slightly higher than expected. On a monthly basis, the Consumer Price Index (CPI) rose 0.2% against a 0.3% rise in the previous month, matching expectations. The same index excluding fresh food and energy rose 1.9% year-on-year, compared to a 1.8% increase in February, and...

US oil inventories reportedly up by 6M barrels

6 hours ago

Crude oil inventories in the United States increased by 6.037 million barrels in the week that ended April 1, private data from the American Petroleum Institute (API) reportedly showed on Tuesday.Distillate inventories are said to have decreased by 11,000 barrels, and gasoline stockpiles fell by 1.6 million barrels. During the corresponding week, reserves in Cushing, allegedly jumped by 2.244 million barrels.

US job openings at 7.6 million in February

12 hours ago

Job openings in the United States stood at 7.6 million in February, unchanged from the figure registered a month before, the US Bureau of Labor Statistics said in a report on Tuesday. The job opening rate stood at 4.5%.The Job Openings and Labor Turnover Survey (JOLTS) showed that the number of hires was unchanged at 5.4 million, and the hires rate also remained unchanged at 3.4%.The number of total separations and the total separations rate remained...

ISM: US manufacturing activity declines in March

12 hours ago

The manufacturing activity in the United States returned to contraction in March, with the Purchasing Managers' Index (PMI) going from February's 50.3% to 49%, the Institute for Supply Management (ISM) said in its report published on Tuesday.Month-on-month, the New Orders Index fell from 48.6% to 45.2%. The Production Index decreased by 2.4 percentage points to 48.3%. The Employment Index plunged by 2.9 percentage points to 44.7%. On the other hand,...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.