Advanced Search

LatinNews Daily - 16 January 2020

Click here for printer friendly version
Click here for full report

In brief: Argentina inflation highest in almost two decades

* Argentina’s national statistics institute (Indec) has released the latest figures for the consumer price index (IPC), according to which monthly inflation grew 3.7% in December 2019, slowing slightly after November recorded monthly inflation of 4.3%. Annual inflation stood at 53.8% in December 2019, up from 47.6% at the close of 2018. The 2019 result is the highest yearly inflation figure since 1991. President Alberto Fernández, who took office on 10 December 2019, now faces the challenge of implementing economic reforms which will successfully contain Argentina’s soaring inflation, something which his predecessor Mauricio Macri (2015-2019) failed to do.