Argentina’s inflation rate rose to 2.4% in February, up from 2.2% in January. Annual inflation decreased to 66.9% from 84.5%, slightly above analyst expectations. Data provided by INDEC reflects ongoing economic challenges in the country.
Argentina’s inflation rate experienced an increase, reaching 2.4% in February, according to data from the National Institute of Statistics and Censuses (INDEC) released on Friday. This figure aligns with the projections by financial analysts and indicates a rise from the 2.2% observed in January.
Over the twelve-month period leading up to February, inflation reached 66.9%. While this reflects a deceleration from January’s 84.5%, it slightly exceeds the expectations of analysts surveyed by Reuters.
The figures signify ongoing economic pressures within Argentina, as the nation’s inflation continues to pose challenges despite some visible reduction over the past month.
In summary, Argentina’s inflation rate increased to 2.4% in February, marking a rise from January’s rate. Furthermore, the annual inflation rate decreased to 66.9%, though it remains higher than anticipated by economists. These developments underscore the persistent inflationary challenges facing the Argentine economy.
Original Source: www.tradingview.com
