# President Fernandez tries to slay Argentina’s inflation dragon | Business and Economy | Al Jazeera

> Argentine President Alberto Fernandez's government has introduced measures to relieve citizens, but inflation reached about 54% in 2019, the highest since 1991. Official figures show January inflation slowing, though the trend is still high.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/54375-president-fernandez-tries-to-slay-argentina-s-inflation-dragon-business-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Persistent Argentine inflation and currency pressure affect the peso and the incentive for farmers to sell soy and grain, which can influence export availability and soymeal prices.

## Read by commodity

- SBM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-08-31 | [IMF vows ‘full support’ for Argentina amid economic crisis \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/63824-imf-vows-full-support-for-argentina-amid-economic-crisis-business-and-economy.md) | +4.2% | +1.3% |
| SBM | 2023-04-27 | [Argentina seeks to tame inflation, peso with biggest rate hike since 2019 \| Financial Post](https://feedsoft.ai/events/36673-argentina-seeks-to-tame-inflation-peso-with-biggest-rate-hike-since-2019.md) | -0.7% | -6.2% |
| SBM | 2024-06-12 | [Argentina economy snapshot: central bank dollar buying spree slows](https://feedsoft.ai/events/30079-argentina-economy-snapshot-central-bank-dollar-buying-spree-slows.md) | +0.8% | +2.6% |
| SBM | 2018-12-20 | [Factbox: Four reasons why Argentina's economy buckled in 2018 \| Reuters](https://feedsoft.ai/events/61830-factbox-four-reasons-why-argentina-s-economy-buckled-in-2018-reuters.md) | -1.3% | +2.4% |
| SBM | 2025-04-22 | [Argentina's surprise peso strength tempers fears of inflation comeback \| Reuters](https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters.md) | -2.2% | -1.7% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2020/3/3/president-fernandez-tries-to-slay-argentinas-inflation-dragon

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.