BUENOS AIRES: The annual inflation rate in Argentina rose to 289.4%, the country’s statistical office Indec said on Tuesday, reported dpa news.Prices in the South American country, which has been hit by a severe economic crisis, rose by 8.8% in April, Indec announced in Buenos Aires. The costs of housing, gas, water, and electricity rose sharply. However, it was the first time since October that the monthly inflation rate remained in the single digits.Argentina is in the midst of a severe economic crisis. Ultra-liberal president Javier Milei’s government recently cut thousands of jobs in the public sector, reduced subsidies, and wound up social programmes triggering demonstrations.Critics sa
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