Argentina's interannual inflation reaches three digits

Wednesday, March 15th 2023 - 10:50 UTC

Full article 3 comments

Argentina's Consumer Price Index (CPI) for February of 2023 was reported to stand at 6.6%, according to the National Institute of Statistics and Census (Indec), which resulted in interannual inflation of 102.5%. In this scenario, Economy Ministry sources quoted by Buenos Aires media admitted the possibility of not meeting the 60% annual target outlined in the 2023 Budget. Read full article

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Pugol-H
102.5% p/a = Ouch!!! That must hurt.
Mar 15th, 2023 - 11:02 am - Link - Report abuse +1
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darragh
It's difficult enough here in Ireland with inflation just above 10% so God knows how the ordinary Argentine copes.

Of course it won't affect the famously corrupt Argentine Government ministers et al.
Mar 15th, 2023 - 11:08 am - Link - Report abuse 0
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Shogun
That level of inflation is a killer, or so it would seem to a person who only has experience of a developed western economy,

Where everything is controlled re.. declaration of income and payment of tax etc. etc for the average Joe in the street..
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But undeclared income is off the scale in many Latin American countries amongst the rich and the poor
The hardest hit are the ones who cannot find work “ off the books ”
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Mar 16th, 2023 - 12:44 am - Link - Report abuse 0
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