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LatinNews Daily - 12 March 2021

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In brief: Argentina’s latest inflation figures put gov’t target further out of reach

* Argentina’s national statistics institute (Indec) has released the latest figures for the consumer price index (IPC), which show that monthly inflation totalled 3.6% in February. This is down from 4% monthly inflation in January, but brings annual inflation to 40.7%, up from 38.5% a month earlier. Private sector analysts expect inflation to close the year at around 50%, but the government led by President Alberto Fernández has maintained its forecast of 29% inflation, which for now appears to be unrealistically optimistic.