Stories that caught our eye: September 4 to 11
A selection of the stories that caught our eye over the last seven days in Argentina. Leer más
Last month, Argentina's inflation rate was 1.7 percent, the lowest in 14 months and the highest in terms of total annual inflation at 33.5 percent. Economy Minister Luis Caputo noted that monthly inflation had dropped below two percent after reaching 2.1 percent in July. Core inflation, which excludes regulated and seasonal prices, stood at 1.8 percent.
The main drivers of inflation were housing (2.8 percent) and education (2.5 percent). Meanwhile, President Javier Milei announced sanctions against 60 entities violating Argentinian sovereignty claims over the Malvinas Islands. Several major oil companies expressed their respect for Argentine sovereignty and stated they would not be working with the government or the Sea Lion project.
Businessman Eduardo Elsztain defended himself against charges of "treason" for owning a small stake in the Falkland Islands Company, stating he was merely trying to expand Argentine influence. Israeli Security Minister Itamar Ben Gvir demanded Israeli sanctions against Britain for its actions in the Malvinas Islands. Argentina's ranking in the PISA scholastic aptitude tests fell to 72nd place out of 91 countries, with 48.8 percent of students failing in Science, Reading, and Mathematics.
A civil lawsuit condemned the state to paying almost US$10 million in legal fees related to the 'Vialidad' case of fraudulent Santa Cruz highway contracts. Banco Galicia confirmed that some US$5 million from Florencia Kirchner's account was available for seizure. Central Bank governor Santiago Bausili transferred some of Argentina's gold reserves to Switzerland in 2024 to take advantage of the demand for gold ingots and bullion.
Argentine political consultant Fernando Cerimedo was transferred to a maximum security prison in Bolivia for investigation of embezzlement and attempted femicide.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.