Taming Argentina’s rampant inflation is proving a challenging task for the government of President Mauricio Macri. With Indec, the official statistics institute, still some months off devising a methodology to produce reliable inflation data, the so-called congressional inflation index, compiled by private consulting firms and published by opposition parties, is currently the best indicator available. It released results on 10 March showing that inflation in February was 4.8%, with the 12-month accumulated rate 33.9%. With perhaps a touch of optimism, the finance minister, Alfonso Prat-Gay, predicted that consumer prices would fall to 1% per month during the second half of 2016.End of preview - This article contains approximately 1264 words.
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