BUENOS AIRES: Inflation in Argentina reached 108.8 per cent in the 12 months to April, a more than three decade high, the Indec national statistics institute said Friday (May 12). Month-on-month, inflation in April was 8.4 per cent in Latin America's third largest economy. Argentina has one of th
BUENOS AIRES: Inflation in Argentina reached 108.8 per cent in the 12 months to April, a more than three decade high, the Indec national statistics institute said Friday .Argentina has one of the highest inflation rates in the world.
The government has set a 2023 inflation target of 60 per cent, but a recent Central Bank report of market expectations projected a figure for 2023 of 126.4 per cent. The peso stood at 238.5 to the dollar at the official rate Friday, but 474 on the parallel black market.
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