Inflation & Prices
Argentina Inflation Accelerates More Than Expected to 104%
- Consumer prices in March increased 7.7% m/m vs. est 7%
- Annual inflation reached 104.3%, highest level since 1991
Markets and restaurants in Buenos Aires.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Inflation jumped in Argentina more than expected as seasonal factors collided with the impact of a historic drought and government overspending to fuel the highest monthly price hikes in two decades.
Inflation accelerated to 7.7% in March, more than the median expectation of 7% among economists surveyed by Bloomberg. From a year ago, prices rose 104.3%, the highest annual level since 1991, according to government data published Friday.