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Economics

Argentina’s Yearly Inflation Surged to 83% in September

  • Consumer prices rose 6.2% m/m in September vs est. 6.7%
  • Annual inflation expected to reach 100% by end of year
Men's clothing for sale in the window of a store in Buenos Aires, Argentina.

Men's clothing for sale in the window of a store in Buenos Aires, Argentina.

Photographer: Pablo E. Piovano/Bloomberg

Argentina’s annual inflation surged to a new 30-year high in September as policymakers struggle to tame some of the world’s fastest consumer price increases.

Consumers prices in South America’s second-largest nation rose 83% from a year ago, according to government data published Friday. That rise was below the current 83.45% level in Turkey. Monthly inflation stood at 6.2%, below economists’ estimates for a 6.7% increase.