Argentina Inflation Speeds Up, Prompting Government Crackdown
Apr 15 2021, 1:04 PM
April 15 2021, 3:22 AM
April 15 2021, 1:04 PM
(Bloomberg) Argentinaâs inflation accelerated last month at the fastest pace since President Alberto Fernandez took office in late 2019, prompting the government to tighten its unorthodox controls over companies.
(Bloomberg) Argentinaâs inflation accelerated last month at the fastest pace since President Alberto Fernandez took office in late 2019, prompting the government to tighten its unorthodox controls over companies.
Consumer prices rose 4.2% in March from February, according to the median forecast of economists surveyed by Bloomberg ahead of Thursdayâs release. Economy Minister Martin Guzman said Wednesday that inflation should cool in April after reaching its peak for the year last month.
Argentina Prices Jump More Than Expected to 18-Month High
Bloomberg 8 hrs ago Patrick Gillespie
(Bloomberg) Argentina’s inflation accelerated last month at the fastest pace in 18 months, threatening to derail a fragile economic recovery six months before key midterm elections.
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Consumer prices rose 4.8% in March from February, according to government data released Thursday, far more than the 4.2% median forecast of economists surveyed by Bloomberg. Economy Minister Martin Guzman had said Wednesday that inflation should cool in April after reaching its peak for the year last month.
The monthly figure was the highest since September 2019. Education, clothing and alcoholic beverages led all categories. Prices for food, the most heavily-weighted category, rose slightly below the headline figure. Annual inflation reached 42.6% in March.
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