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Argentina Inflation Accelerates for Second Straight Month

  • Consumer prices in January increased 3.9% m/m; 50.7% y/y
  • Central bank has accelerated the pace of peso depreciation
Bloomberg business news
Explain This: Inflation

Argentina’s inflation accelerated for the second consecutive month in January as the central bank sped up the pace of its controlled currency devaluations. 

Consumer prices rose 3.9% from December, below economists’ expectations for a 4% increase. Annual inflation reached 50.7%, according to government data published Tuesday. Prices on communication, hotels, restaurants and food led all categories on increases.