In 2019, the prices of the best-selling models increased between 60% and 80% but, in the last four years, the increase reaches 400% in some cases. In the same four-year period, accumulated inflation is around 160% while the exchange rate grew 541%. In other words, car prices rose significantly more than inflation but less than the dollar. The largest increase occurred in the last two years, following the strong devaluation that began in April 2018.
Two days after Alberto Fernández assumes as president of Argentina this week, bonds for an equivalent of $500 million will expire. In his first five days in office, the sum will rise to $750 million and in the first six months to $45 billion.
The largest solar energy park in Latin America, located in the province of Jujuy has been completed. The Cauchari Solar I complex which, together with Cauchari II and III, total a production capacity of 312 megawatts, which will be ready soon to inject energy to Argentina’s national grid. According to Jujuy’s Governor Gerardo Morales, the solar plant will generate an estimate income for the province of “$ 1 billion in 15 years”.