Latinnews Daily - 12 January 2018

Argentina: Argentina’s national statistics agency (Indec) has reported that consumer prices rose to an annualised rate of 24.8% in 2017, overshooting the central bank (BCRA)’s inflation target of 17%. In December 2017, consumer prices rose 3.1%, marking the biggest monthly increase in inflation in 2017 thanks to a surge in utility prices. The latest figures suggest that the government led by President Mauricio Macri is still facing an uphill battle to tame inflation, which peaked under previous administration led by former president Cristina Fernández (2007-2015).

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