Economics
Argentina Prices Jump More Than Expected to 18-Month High
- Consumer prices in Argentina rose 4.8% m/m in March; 42.6% y/y
- Surge in prices leads the government to tighten controls
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Argentina’s inflation accelerated last month at the fastest pace in 18 months, threatening to derail a fragile economic recovery six months before key midterm elections.
Consumer prices rose 4.8% in March from February, according to government data released Thursday, far more than the 4.2% median forecast of economists surveyed by Bloomberg. Economy Minister Martin Guzman had said Wednesday that inflation should cool in April after reaching its peak for the year last month.