Prices rose 102.5% in February compared to a year before, INDEC said, placing its inflation rate amongst the highest in world.
Argentina’s yearly inflation rate rose past 100% for the first time in three decades, according to new figures released by the country’s statistical body INDEC, as the government struggles to control rising prices. Prices rose 6.6% between January and February and 13.1% in the first two months of the year combined, according to the figures. Food and drink are among the items that appreciated the most, with a 9.
Argentina has been battered by crippling inflation and February is the 13th straight month that the South American country reported a monthly inflation rate above 4% – generally considered a threshold for healthy economies.
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