LatinNews Daily - 15 February 2023

In brief: Inflation continues to rise in Argentina

* Argentina’s national statistics institute (Indec) has published the latest consumer price index (IPC), which showed that monthly inflation stood at 6% in January, bringing the annual rate to 98.8%. The monthly rate represents an increase on the 5.1% recorded in December, when the annual rate stood at 94.8%. In the first month of the year, the steepest monthly increases were in recreation and culture (+9%); communication (+8%); and home, water, electricity, gas & other fuels (+8%). Clothing and footwear (+2.3%); and education (+1.1%) recorded the lowest monthly increases. Inflation continues to edge closer to the symbolic 100% mark, with the government’s projection of 60% annual inflation for 2023 currently looking like an unlikely prospect.

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