Reported about 1 month ago
Argentina's inflation rate reached 3.9% in August, with analysts predicting an annualized rate of nearly 123% by year's end, a decrease from the previous forecast. Price increases are expected to moderate to 3.5% in September as the new president implements spending cuts and currency devaluation to combat soaring inflation. Additionally, a 3.8% decline in real GDP is projected for 2024, with a potential recovery anticipated in 2025.
Source: YAHOO