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)
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