Inflation & Prices
Argentina’s Annual Inflation Spikes to 88% and May Top 100%, Exceeding G-20 Nations
- Consumer prices in October increased 6.3% m/m vs. 6.7% est.
- Government froze prices on over 1,700 products last week
A woman checks the price of an item at a grocery store in Buenos Aires, Argentina.
Photographer: Diego Levy/BloombergThis article is for subscribers only.
Argentina’s annual inflation surged last month as the government implements price freezes on over a thousand consumer goods in attempt to cool cost-of-living increases.
Consumer prices rose 88% in October from a year ago, surpassing Turkey’s 85.5% rate for the highest among Group of 20 nations, according to Argentine government data published Tuesday. Inflation accelerated 6.3% on a monthly basis, less than the 6.7% median estimate from economists surveyed by Bloomberg.