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Argentina inflation slows to 1.7% in August
Argentina's monthly inflation rate fell to 1.7% in August, marking the lowest level in fourteen months. According to data from INDEC, the annual inflation rate stands at 33.5%, while the year-to-date accumulated inflation has reached 21.3%. Core inflation was reported at 1.8%, with the housing, water, electricity, and gas category seeing a 2.8% increase.
Despite the deceleration in price increases, economic challenges persist. Private sector real wages have declined by 2.8% over the last twelve months. Furthermore, the minimum pension has lost approximately 41% of its purchasing power since 2020. In the province of Tucumán, a typical household required an income exceeding $1,326,619 to avoid falling into poverty in August.
In Entre Ríos, the province received approximately $315,079 million in national automatic transfers during August, representing a slight year-on-year improvement of 0.3% when adjusted for inflation.
Entities
Anses · Argentina · Buenos Aires · Christine Lagarde · Destatis · European Central Bank · Federal Statistical Office · Federal Statistical Office of Germany · Federico Sturzenegger · Germany · Goldman Sachs · INDEC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Germany's inflation rate reached 2.9 percent in August.
- [● 14 SOURCES] Energy prices in Germany rose by 10.5 percent in August compared to the previous year.
- [○ 1 SOURCE] European gas prices rose to over 79 euros per megawatt hour (MWh).
- [○ 1 SOURCE] Goldman Sachs analysts estimate the TTF gas price could exceed 100 euros per MWh by December 2026.
- [○ 1 SOURCE] 27 percent of gasoline and diesel vehicle owners in Germany plan to switch directly to electric vehicles.
- [○ 1 SOURCE] German gas storage facilities are approximately half full.
- [● 13 SOURCES] Heating oil prices in Germany rose by nearly 50 percent compared to the previous year.
- [● 14 SOURCES] Gasoline prices in Germany increased by 27.7 percent compared to the previous year.
- [● 9 SOURCES] Eurozone inflation rose to 3.3 percent in August.
- [● 7 SOURCES] The ECB raised the deposit rate from 2.25 to 2.5 percent.
- [● 17 SOURCES] Argentina's inflation accumulated to 21.3 percent between January and August. bankmagazine.com.ar · www.junindigital.com · www.lavozdesanjusto.com.ar · paralelo54online.com.ar
- [● 14 SOURCES] Argentina's year-on-year inflation reached 33.5 percent in August. bankmagazine.com.ar · www.lavozdesanjusto.com.ar · paralelo54online.com.ar