Inflation hit 3.1% in December, highest monthly figure of 2017

New data from INDEC shows consumer prices rose 24.8% over last year. Central Bank chief Federico Sturzenegger reduces base interest rates for the first time since mid-2016 – from 28.75 to 28 percent.

– TIMES
BUENOS AIRES TIMES


Argentina recorded more inflation in the last month of 2017 than Brazil did throughout that entire year, the INDEC statistics bureau officially confirmed on Thursday – 3.1 percent for December (the same figure as estimated by Congress two days...

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