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Argentina's National Institute of Statistics and Census (Indec) announced Tuesday that the variation in the Consumer Price Index (CPI) for the month of July of 2023 was 6.3% for a total of 60.2% in the first seven months of the year and 113.4% interannually, it was reported in Buenos Aires.
The International Monetary Fund es expected to release over US$ 10 billion to Argentina which might come as some sort of relief following Monday's decision to devaluate the local peso in the aftermath of the government's poor performance Sunday at the Open, Mandatory, and Simultaneous Primary (PASO) elections.
The libertarian economist Javier Milei, leading the front “La Libertad Avanza,” (far-right) has emerged as the frontrunner in Argentina's Open, Mandatory, and Simultaneous Primary (PASO) elections, as indicated by the initial provisional scrutiny results released on Sunday.
A total of 27 tickets have been competing since 8 am local time Sunday in Argentina's Open, Mandatory, and Simultaneous Primary (PASO) elections to decide who may run on Oct. 22 for the Casa Rosada's 2023-2027 term.
The “blue” (a euphemism for “black market”) dollar climbed AR$ 3 and reached AR$ 605 on the last working day before Sunday's Open, Mandatory, and Simultaneous Primary (PASO) elections in Argentina, it was reported Friday in Buenos Aires. Meanwhile, the official exchange rate closed at AR$ 300.