A Reuters poll indicates Argentina’s inflation likely rose to 2.4% in February, up from 2.2% in January. The country continues to face significant inflationary pressures, with annual rates remaining notably high. Analysts expect March to see continued inflation acceleration, driven by seasonal factors.
Argentina’s inflation rate is projected to show a slight increase in February, according to a Reuters poll of experts. The consumer price index (CPI) is estimated to rise by 2.4%, exceeding January’s rate of 2.2%. This trend reaffirms Argentina’s ongoing struggle with high inflation, which has recently registered an alarming annual rate of 118%.
In summary, Argentina’s inflation pressures persist, with a projected monthly increase in February. Despite governmental efforts to manage inflation through various interventions, analysts predict continued inflationary challenges, particularly influenced by seasonal pressures and rising food prices as the school year begins.
Original Source: www.marketscreener.com
