Article written by Miguel Lo Bianco Hernan Nessi, Miguel Lo Bianco, Hernan Nessi, via https://www.reuters.com on 12 May 2023

BUENOS AIRES, May 12 (Reuters) – Argentina’s annual inflation rate soared to 109% in April, the country’s statistics agency said on Friday, smashing past analyst forecasts and stoking anger among hard-hit consumers who are increasingly having to skimp and save to get by.
8.4% monthly inflation in April, well above analyst forecasts of 7.5% and the highest in decades.
The highest analyst estimate in a Reuters poll for April’s monthly inflation rate had been 8.3%.

Please check out the complete article (source in English): https://www.reuters.com/world/americas/country-beggars-argentines-reel-104-inflation-keeps-rising-2023-05-12/

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