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☀ Domingo Brief — Argentina’s Disinflation Continues

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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Latinometrics
February 16, 2025 • Reading Time: 3 minutes

Welcome back to the Domingo Brief! This week, we’re following Mexican airport investments, Brazilian hydrogen boats, and more.

Trivia of the Week 🎯

A mere 31% of you correctly guessed ballet as the dancing style legendary dancer Alicia Alonso fostered in her home country of Cuba. A prima ballerina assoluta, the highest honor a female ballet dancer can receive, Alonso founded the Ballet Nacional de Cuba in 1955 with the aim of developing the dance in Cuba. She danced internationally well into her 70s and cultivated generations of notable dancers in her country and beyond. Despite suffering severe vision problems, Alonso is remembered as a cultural icon responsible for placing Cuba among the world’s leading ballet contributors.

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Which country in Latin America has never had a Formula 1 race car driver?

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🇦🇷 Argentina has reported that its monthly inflation rate for January was 2.2%, the lowest recorded measure in almost half a decade. The National Institute of Statistics and Census (INDEC) also published a year-to-year inflation measure of 84.5%, breaking the annual three-digit inflation threshold for the first time since February 2023. This marks the lowest figure since President Javier Milei assumed office in December 2023, representing a major success in Milei’s bid to maintain high approval ratings as Argentina heads for legislative elections later this year.

Latinometrics: The plunge in inflation due to Milei’s deep austerity programs and strict currency controls has led the Argentine peso to stabilize in both the official and black market exchange markets. In fact, the peso appreciated more than 40% in real terms last year, more than any other currency, in a marked change from a decade of near-constant depreciation. Local investors are profiting by engaging in carry trades with US dollars and middle-class Argentines are flooding neighboring countries like Brazil and Chile, where their currency is now stronger.

🇧🇷 A Brazilian consortium has announced a joint initiative to develop hydrogen-powered maritime vessels in an effort to significantly reduce greenhouse gas emissions. The initiative’s results will be showcased at COP30, the United Nations Climate Change Conference taking place in Belém in November of this year. The consortium is led by the Itaipu Parquetec, a reference center for sustainable fuel production in Brazil, and will involve investments of around R$150M, with a third hailing from internal funding.

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