Argentina inflation smashes past every forecast to hit 109%

  • Post category:Economics
  • Reading time:1 mins read
  • Post comments:0 Comments

Article written by Miguel Lo Bianco Hernan Nessi, Miguel Lo Bianco, Hernan Nessi, via 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):
Generated and translated automatically by Nisba!

Leave a Reply