Argentina recorded the highest inflation in 28 years in 2019

Argentina’s consumer prices increased 53.8% in 2019, the National Statistics and Census Institute (Indec) reported. It is the highest inflation rate since 1991, when it was 84%, one year after hyperinflation left a price increase of 1,343.9%. In the last twelve months, the prices that grew above the general level were health, 72.1%; communications, 63.9%; home equipment and maintenance, 63.7%; food, 56.8%; clothing and footwear, 51.9%; alcoholic beverages and tobacco, 50.2%; and goods and services, 55.9%.

Source: Ámbito

Categories: Macroeconomy/Finance

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