Good news for President Javier Milei as INDEC data shows February inflation of 13.2%, below estimates; Prices have increased by 276.2% over the last 12 months in Argentina.
Inflation in Argentina slowed to 13.2 percent last month, undercutting forecasts from analysts, data published by the INDEC national statistics bureau showed Tuesday.
Most private analysts had forecast a rate of 15 percent for February, similar to the 15.8 percent projected in the Central Bank’s REM survey of market expectations.
The news is a boost for President Javier Milei, whose government is gradually bringing down inflation. Argentines suffered increases of 20.6 percent in January and 25.5 percent in December.
However, the extent of the ongoing battle was laid clear by INDEC’s annual figure: prices have risen 276.2 percent over the past year and by 36.6 percent over the last two months.
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