Argentina inflation hits 4% in January on food price rises

Argentina consumer prices rose 4.0% in January versus a month earlier, the country’s statistics agency said, flat against December’s result and slightly ahead of analyst expectations amid fears inflation is heating up in the country. Rolling 12-month inflation was clocked at 38.5% in the month. The INDEC statistics agency cited price rises in food and non-alcoholic beverages, especially meat, fruits, butter and oil.

Source: Nasdaq