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Montevideo, March 19th 2024 - 04:17 UTC

 

 

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
  • 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
  • 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..
    .
    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 ”
    .


    .

    Mar 16th, 2023 - 12:44 am - Link - Report abuse 0

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