Argentina’s inflation rate for February increased to 2.4%, up from January’s 2.2%. The 12-month inflation rate, however, decreased to 66.9% from 84.5%, despite slight discrepancies in analyst projections.
In February, Argentina experienced a monthly inflation rate increase to 2.4%, consistent with analysts’ expectations, as reported by the INDEC statistics agency. This figure represents an uptick from January’s inflation rate, which was documented at 2.2%.
Year-over-year inflation for the twelve months concluding in February reached 66.9%. Although this is a deceleration from the previous month’s rate of 84.5%, it slightly exceeded the predictions made by analysts surveyed by Reuters.
Argentina’s inflation trends reveal a slight acceleration month-to-month yet a relative deceleration on an annual basis. While February’s monthly inflation rose to 2.4%, it indicates ongoing economic challenges. The year-over-year rate diminished, highlighting a potential shift in inflation dynamics.
Original Source: www.tradingview.com
