Argentina Had the Second Highest Annual Inflation Rate in Latin America in 2017

Sigh.

Argentina finished 2017 with the second highest inflation rate in Latin America. The 24.8 percent rate that the Indec statistics agency reported yesterday means that in this ranking, the country only “trails” behind Venezuela, which has been immersed in an catastrophic economic, social and institutional crisis for years.

According to their Asamblea Nacional – the Venezuelan Parliament, where the opposition holds a majority – inflation in the Caribbean country in 2017 reached 2,616 percent. (That’s not a typo, by the way). The Nicolás Maduro regime doesn’t release official statistics anyway and, if it did, it probably wouldn’t enjoy much credibility.

However, the rest of the ranking shows that prices in Argentina increased…

Original published: 2018-01-12 12:32:06 Read the full Buenos Aires News here


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