Inflation & Prices
Argentina Inflation Hit Three-Decade High of 95% in 2022
- Prices rose 94.8% year-on-year in December; 5.1% on the month
- Economists see Argentina inflation end-2023 at 98.4% y/y
Signs with food prices outside a grocery store in Buenos Aires, Argentina, on Friday, Nov. 18, 2022.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Argentina posted its highest annual inflation rate in three decades in 2022 as a political crisis exacerbated price hikes driven by the government’s lack of a credible economic plan.
Consumer prices rose 94.8% in December from the same month a year earlier, according to government data published Thursday. Prices also rose 5.1% last month from November, accelerating after cooling in three of the past four months. Tourism, alcoholic drinks and housing costs led monthly price hikes.