At the end of February 2023, the inflation rate in Argentina was 102.5%. The indicator has not risen above 100 points in the last 32 years – since 1991, to witness data from the country’s National Institute of Statistics and Census (INDEC).
At the same time, according to the indicator of the first month of the current year, the growth was 6.6%. At the same time, the largest increase in consumer prices in the country was in the food products and soft drinks segment (9.8%). Beef, the main meat product of local people, has increased the most, the ministry said.
In addition, in the last month of the winter period, the prices of communication services (+7.8%) and hotel and restaurant (+7.5%) increased in the country. Such a rapid increase in inflation (+102.5%) has not been seen in Argentina since the early 1990s, when the country’s economy completed its recovery period after the 3000% hyperinflation in the late 1980s. stated Bloomberg agency.
October 5 issue of Business Insider Polska allowedBy the end of 2022, the inflation rate in Argentina may reach a critical level of 100%. At the end of September, this indicator in the country was around 82.2% – the highest level since the Great Depression.