Inflation & Prices
Economists See Argentina Inflation Surpassing 100% by December
- Central bank survey forecasts 100.3% CPI by end-2022
- Argentina has one of world’s highest inflation rates
Shoppers purchase groceries at a market in Buenos Aires, Argentina.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
Economists in Argentina see prices increasing 100% by December, cementing a view that the South American country is on pace to hold the world’s highest inflation rate among major economies.
The forecast, published Thursday in the central bank’s monthly survey, is the first time private economists have projected triple-digit inflation, not seen in crisis-prone Argentina since the early 1990s when hyperinflation ruined the economy. As of August, annual inflation stood at 79%.