Inflation in Argentina Rises by 30% in 4 Months – Statistics Institute

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Argentina flag InternationalIndiaAfricaBUENOS AIRES (Sputnik) – Inflation in Argentina has continued to rise, showing a 30% increase over the four months of 2023, the Argentine National Institute of Statistics and Censuses said on Friday. “Consumer prices in April rose by 8.4% compared to March and by 108.8% year-on-year. Inflation rose by 32% since the turn of the year,” the institute said in a fresh report on the consumer price index. Prices of shoes and clothing rose the most in April (10.8%), while the prices for alcohol and tobacco showed the smallest increase (3.8%), according to the report. Argentina is said to have one of the highest inflation rates in the world. AmericasArgentina’s Severe Inflation Rate Surpasses 100% for First Time in Over 30 Years14 March, 22:18 GMTThe Argentine Central Bank published an analysts’ forecast saying that inflation in the country will surge past 100% in 2023. In 2022, consumer prices grew by 94.8%.

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