Argentina’s inflation rate soars to 95%, highest level in 30 years ...Middle East

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BUENOS AIRES: The annual inflation rate in Argentina skyrocketted to 94.8 per cent in December, the highest level in 30 years, the country’s statistical office Indec said on Thursday.In 2021, the annual inflation rate in the South American country, which is grappling with a severe financial and economic crisis, stood at 50.9 per cent reported dpa.In December, consumer prices rose by 5.1 per cent compared to the previous month, according to Indec.“Our responsibility and our biggest challenge is to bring down inflation because it’s the fever of an ailing economy,“ Economy Minister Sergio Massa wrote on Twitter following the release of the figures.This could be achieved through “sound financial

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Last updated : 13 January 2023 clock 10:53 AM

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Argentina’s inflation rate soars to 95%, highest level in 30 years ...Middle East

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