Inflation in Argentina exceeds 100%, reaching 32-year high
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Loading... - Diana Paco
- 17 Mar 2023
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Inflation in Argentina came in at 102.5% in the 12 months to February, exceeding the symbolic triple-digit mark and reaching a new 32-year high.
Latin America's third largest economy saw inflation grow 6.6% in the month of February and 13.1% since the beginning of the year, the Indec national statistics institute said.
Argentina has one of the highest inflation rates in the world.
In 2022, it reached 94.8%, the country's highest annual figure since 1991, when it exceeded 171%.
The two previous years had seen hyperinflation at more than 2,000%. Read More..
