Annual National Inflation climbs above 100%

ARGENTINA - Report 15 Mar 2023 by Esteban Fernández Medrano

INDEC's official inflation index for February provides information worth reviewing. For starters, the annual inflation rate climbed to a new record high, not seen since the end of 1991, when Argentina was leaving behind its 1989-1990 period of hyper-inflation. Needless to say, this is bad news for the government in general, and for Economy Minister Sergio Massa (SM) and his team in particular.

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