Argentina’s monthly inflation rose to 2.4% in February, up from 2.2% in January. Annual inflation reached 66.9%, down from 84.5% the prior month, showing a mixed trend in inflation rates.
In February, Argentina experienced a monthly inflation rate of 2.4%, as reported by the INDEC statistics agency. This figure aligns with analysts’ predictions and indicates a rise from January’s inflation rate of 2.2%. For the 12-month period ending in February, inflation reached 66.9%, which is lower than the 84.5% recorded in January yet slightly above the expectations from a recent Reuters poll.
The increase in Argentina’s monthly inflation to 2.4% reflects both consistency with analyst forecasts and a prior increase from January. Despite the monthly rise, annual inflation rates show a significant decrease from the previous month, indicating a shifting trend, albeit still above expectations.
Original Source: www.tradingview.com
