Argentina Posts Faster-Than-Expected Inflation Before Vote
- Consumer prices in Argentina rose 3.5% m/m in Oct.; 52.1% y/y
- Government froze prices on 1,400 items in inflation fight
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Argentina’s inflation gained more momentum than expected in October, as new price controls failed to slow the pace of increases before Sunday’s midterm election.
Consumer prices rose 3.5% on the month, above economists expectations of a 3.4% increase. From a year ago, inflation reached 52.1%, according to government data published Thursday.