Inflation in Latin American nation soars past 100% ...News

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Inflation in Latin American nation soars past 100%
Overspending and historic drought have sent prices in Argentina soaring to highest in two decades Inflation in Argentina saw an enormous year-on-year surge to 104.3% in March, marking the highest annual rate since 1991, according to data released by the National Institute for Statistics and Census (INDEC) on Friday. The inflation-rate reading for the month came in at 7.7%, higher than the median forecast of 7% among analysts polled by Bloomberg. Economists surveyed by Reuters had provided a more pessimistic outlook of 7.1%. The total inflation for the first three months of the year was 21.7%. In February, the infl

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