Trending

Newsletter

Argentina Registers Lowest Inflation Rise in 12 Years

By: Raquel García - @venturaG79 - Sep 14, 2016, 11:38 am
Experts forecast a September inflation of 1.3%, for a year end inflation of between 1.6% and 1.8%, making inflation lowest in 12 years. (Diario Uno)
Experts forecast a September inflation of 1.3 percent. (Diario Uno)

EspañolArgentina’s inflation rose by the lowest margin in 12 year.

The countries inflation inched up by only 0.2 percent in August, according to the National Institute of Statistics and Census (Indec), marking an overall decline of 1.8 percentage points since July and four percentage points since May.

Many experts credit the achievement to an August 18 Supreme Court ruling that saw an attempt to raise residential gas tariffs shot down.

President Mauricio Macri said the low inflation increase in Argentina is significant.

The housing and basic services sectors of Argentina’s economy recorded an overall inflation decline of 5.6 percent.

According to Indec, the reduction of natural gas rates had a negative impact of 0.7 percent on the overall CPI.

The food and beverages category rose 0.7 percent and apparel rose 0.8 percent.

In item facilities and basic services, there was a 0.8-percent rise, and 1 percent in cleaning utensils.

The increase in the Education category was 2.3 percent, with increases of 4.6 percent in textbooks, and 1.7 percent in college and university fees.

Within the first eight months, the official inflation rate was 31 percent, which rose to 36.9 percent over the past twelve months.

For September, private analysts anticipate inflation to continue to slowdown. Experts predicted that September inflation will be 1.3 percent.

Source: Télam.

Raquel García Raquel García

Raquel García is a Venezuelan journalist with over 16 years of experience in digital outlets and radios. She currently lives in Buenos Aires, Argentina. Follow her @venturaG79.

Why the Venezuelan Opposition Is Failing in Its Effort to Oust Maduro

By: Orlando Avendaño - @OrlvndoA - Sep 14, 2016, 10:25 am
captura-de-pantalla-2016-09-13-a-las-6-51-44-p-m

An op-ed published in the Venezuelan newspaper El Nacional this past Sunday, September 11 by Universidad Católica Professor Elías Pino Iturrieta criticized the recent activity of the opposition party MUD, which has tried and failed to "get us out of the Chavista swamp." "I have said various times that MUD comes down on the right side of things," he wrote, "but we have to look at their behavior from a different perspective." "I continue to think about how their efforts to get out of this situation are very costly," he wrote. "It's not an easy business, especially over the last year, but someone has to call attention to the need for different steps to be taken." Read more: Colombians Begin to Renounce Citizenship Due to Excessive Taxes Read more: Colombian Ex-President Wants to Meet with FARC Leaders Pino Iturrieta pointed out the negative qualities of chavismo amid the country's current situation, specifically highlighting the recent events of Villa Rosa. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); The historian emphasized that there are really two options: "Are you going to allow the referendum to be carried out during the present year, or choose new leaders to fight for peace?" "Leaders of MUD have the obligation to end the concordat with force....Their efforts have been fruitless."

Weekly E-Newsletter

Get the latest from PanAm Post direct to your inbox!

We will never share your email with anyone.