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BUENOS AIRES (Reuters) - Argentina’s stubbornly high inflation is expected to heat up again in March, according to a Reuters poll of analysts, creating pressure for the government as it looks to rein in rising prices that stymie economic growth and increase poverty.
FILE PHOTO: A vendor places chiken breasts for sale in a poultry shop in a market in Buenos Aires, Argentina April 18, 2019. REUTERS/Agustin Marcarian/File Photo
The poll of 16 local and foreign analysts indicated that the South American country’s Consumer Price Index (CPI) would advance 4% in the month, quicker than the 3.6% rise a month earlier, driven mainly by food and education costs.
By Reuters Staff
(Adds details, comment from Economy Ministry, analysts)
BUENOS AIRES, Feb 24 (Reuters) - Argentina’s economic activity fell 2.2% in the last month of 2020 versus a year earlier, better than the average 2.6% fall analysts had forecast, while activity was down 10% for the full year, also better than initial government projections.
Argentina’s economy, in recession since 2018, was hit hard by the COVID-19 pandemic and a lengthy lockdown in the country to rein in new cases, though there have been signs of a revival in recent months as restrictions have been eased.
Economy activity was up 0.9% in December versus the month before, the INDEC statistics agency said, the eighth consecutive period of month-on-month growth.
PIB de Argentina se habría contraído 11,3% interanual en 3er trimestre 2020 reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.