Economics
Argentina Inflation Cools as IMF Eyes Monetary Policy Shift
- Consumer prices in November rose 2.5% m/m; 51.2% y/y
- Government announced new price freezes on medicine in November
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Inflation in Argentina cooled last month as the government’s strategy to tackle persistently high prices becomes a focal point of negotiations with the International Monetary Fund.
Consumer prices in November rose 2.5% from October, below the 3.3% median estimate of economists surveyed by Bloomberg. From a year ago, inflation reached 51.2%, according to government data published Tuesday. The monthly figure matched the lowest level of inflation this year, tied with August’s reading.