Home Argentina national Inflation in Argentina jumps 50.9pc in 2021, becoming the highest figure in Latin America

Inflation in Argentina jumps 50.9pc in 2021, becoming the highest figure in Latin America

0

Buenos Aires [Argentina], Jan 14 (ANI/Sputnik): Inflation in Argentina in 2021 soared by 50.9%, becoming one of the highest figures in Latin America, according to data provided by the National Institute of Statistics and of the Argentine census. “Customer prices rose 3.8% in December 2021 compared to November and were 50.9% year-over-year,” the statement said.

This figure is well above that of 2020, when inflation in Argentina was estimated at 36.1% but is close to the level of 2019 (53.8%), according to the press release. Prices for hotel and restaurant services increased the most in December (5.9%), with alcohol and tobacco also becoming more expensive (5.4%), as well as transport services (4.9 %). In September 2021, Argentina experienced a sharp increase in inflation, which reached 3.5% compared to 2.5% in August. In October, Argentina introduced temporary price controls on the sale of 1,432 consumer products across the country. This was not the first price freeze in Argentina in recent years against a backdrop of inflation. Since the start of 2021, inflation has risen to 52.5% in September from 51.4% in August, making Argentina the country with the highest inflation rate in Latin America after Venezuela. (ANI/Sputnik)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)