Inflation in Argentina exceeds 100%

15:16 - 15.03.2023


March 15, Fineko/abc.az. The price increase in Argentina in February made up 6.6%, over the past 12 months inflation has exceeded 100%.

ABC.AZ reports that this follows from the data published on Tuesday by the Institute of Statistics & Census of Azerbaijan.

"The overall level of the consumer price index in February 2023 increased by 6.6%, over the past two months the accumulated growth was 13.1%. Compared with the same month of last year, the growth was 102.5%," the report says. The latest figure was the highest since 1991.

According to the compilers of the report, food prices rose the most (by 9.8%) in February. They are followed by communications services (7.8%).

Argentina has been among the countries with the highest inflation for several years. By the end of 2022, inflation was 94.8%, in 2021 - 50.9%, in 2020 - 36.1%, in 2019 - 53.8%.