Argentina’s Inflation Rate Reaches 2.4% in February 2023

Argentina’s February inflation rate increased to 2.4%, in line with estimates. Annual inflation reportedly decreased to 66.9%, down from 84.5% in January but slightly above analyst expectations.

According to data released by Argentina’s INDEC statistics agency, the monthly inflation rate reached 2.4% in February, which aligns with analyst predictions. This figure represents an increase from the 2.2% recorded in January. Over the course of the previous 12 months ending in February, inflation stood at 66.9%. While this signifies a deceleration from January’s rate of 84.5%, it still slightly exceeded the expectations of analysts surveyed by Reuters.

In summary, Argentina’s inflation rate increased to 2.4% in February, marking a rise from January’s 2.2%. Although annual inflation showed a decline to 66.9%, it remained above analyst expectations, reflecting ongoing economic challenges within the country.

Original Source: www.tradingview.com