Inflation & Prices
Argentina’s Inflation Hits 211% in 2023, Fastest Gain in Three Decades
- Prices rose 25.5% in December from prior month, below forecast
- IMF sees inflation crisis worsening before improving in 2024
A customer pays with Argentine pesos in a shop in Buenos Aires, Argentina.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Argentina ended 2023 with the fastest inflation in more than three decades as President Javier Milei started to unwind a thicket of currency controls and price freezes imposed by the previous administration.
Consumer prices soared 211.4% in December from a year earlier, putting Argentina ahead of Venezuela as the nation with the fastest inflation in Latin America. Official data published on Thursday also showed prices jumping 25.5% from November, below the 30% median estimate of economists surveyed by Bloomberg.