Argentina: Inflation comes in at highest level since our records began
Inflation came in at 98.8% in January, up from December’s 94.8%. January’s result represented the highest inflation rate since our current records began.
Annual average inflation rose to 76.5% in January (December: 72.4%).
Finally, consumer prices increased 6.03% in January over the previous month, accelerating from December’s 5.12% rise. January’s figure marked the highest reading since October 2022.
FocusEconomics panelists expect inflation to be 90.5% at the end of 2023, which is up 1.9 percentage points from last month’s forecast. Inflation is projected to moderate to 68.2% at the end of 2024.