An International Monetary Fund Executive Board meeting and the necessary “board approval” next week will facilitate a US$1 billion disbursement to Argentina, as stated by IMF spokesperson Julie Kozack during a press conference on Thursday in Washington, D.C. While a specific date was not provided, estimates suggest that the transfer may occur next Wednesday. Argentina … Read more
In April, inflation in Argentina decreased to 2.6%, as reported by the statistics agency INDEC on Thursday. The figure indicated a decrease relative to March’s 3.4%, signifying the inaugural instance in eleven months where the inflation rate has decelerated. The current figure represents the lowest level observed in the past five months, exceeded solely by … Read more
Following seven months of rising monthly inflation, it appears that prices may have finally paused in April, as reported by private consulting firms. According to their estimates, April’s price increase is projected to be between 2.4% and 2.6% month-on-month — marking the first monthly slowdown in 11 months. Statistics institute INDEC will release official figures … Read more
In March, the Argentine industry exhibited a notable recovery, marking its first year-over-year increase in nine months, with a rise of 5%. According to the Industrial Production Index published on Thursday by the statistics institute INDEC, activity experienced an increase of 3.2% relative to the preceding month. This favorable data mitigated the declines that Argentina’s … Read more
President Javier Milei’s administration has significantly reduced inflation — from 211% annually in 2023 to 31% in 2025 — and achieved two consecutive years of fiscal surplus, a feat not accomplished in Argentina since the initial Kirchner administration nearly two decades prior. However, his popularity has been declining for several months. The decline cannot be … Read more
Cabinet Chief Manuel Adorni and his fellow Cabinet ministers are currently receiving a gross monthly salary of 7,272,091 pesos, approximately US$5,210, as a result of a decree enacted by President Javier Milei. The data originates from a government report, which Perfil obtained through a request submitted under Law 27,275 (Access to Public Information). This report … Read more
In February, Argentina’s economy experienced a significant contraction, marking its largest monthly decline since 2023, as both retail and manufacturing sectors face ongoing challenges. Economic activity declined by 2.6 percent from January, significantly underperforming the 0.5 percent decrease projected by source, as reported in government data released on Wednesday. The gross domestic product proxy experienced … Read more
On Tuesday, the United States Chamber of Commerce in Argentina (AmCham Argentina) held a summit in Buenos Aires, bringing together politicians and prominent business leaders. In her opening speech, María Schoua stated that agriculture “accounts for more than half of Argentina’s exports,” emphasized the country’s potential to become a global energy “supplier,” and noted that … Read more
In March, Argentina experienced a greater-than-anticipated increase in inflation, driven by a significant rise in fuel prices due to the Iran conflict and a notable surge in education expenses resulting from annual tuition adjustments. Consumer prices increased by 3.4 percent last month relative to February, surpassing the three percent median forecast of economists. Inflation has … Read more
President Javier Milei has seen a complete erosion of the gains he achieved in opinion polls following his victory in the October midterm elections last year. His approval ratings have reached their nadir since he assumed leadership of Argentina in December 2023. However, this is not inherently a cause for significant concern while in office. … Read more