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Argentina's annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency. The data reflects the ...
[citation needed] In 2022, Argentina's inflation rate reached 100%, and in November 2023 reached 143%, with 55% of children in Argentina living below the poverty line and more than 18 million citizens not being able to afford basic goods as of 2023. [22]
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [41] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [42] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [43]
The inflation in Argentina rose heights of 250% in December 2023, whilst the annual percent change in GDP growth has fallen to -2.8%. [21] To avoid further economic troubles, Milei and the IMF struck a deal that would allow for US$44 billion dollars of funds to go the country. This deal helps keep the Argentina government solvent, but it will ...
Argentina's annual inflation could hit 100.3% this year, according to an analysts survey published by the country's central bank on Thursday, jumping 5.3 percentage points from the previous estimate.
Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%. On an annual basis, inflation in October was 193% compared to 209% reported in September.
Argentina's monthly inflation falls to 4.2%, the lowest in two years, even as annual inflation remains near 300% 06/13/2024 19:15 -0400 BUENOS AIRES, Argentina (AP) — Argentina's monthly inflation falls to 4.2%, the lowest in two years, even as annual inflation remains near 300%.
In Argentina, a country with a chronic inflation problem, the interest rate was hiked to 69.5% in August, as inflation has further deteriorated hitting a 20-year high at 70%, and is forecasted to top 90% by the end of the year. [197] Inflation hit past 100% in February 2023 for the first time since 1991.