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Inflation in Argentina Rises by 30% in 4 Months - Statistics Institute

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Argentina flag  - Sputnik International, 1920, 12.05.2023
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BUENOS AIRES (Sputnik) - Inflation in Argentina has continued to rise, showing a 30% increase over the four months of 2023, the Argentine National Institute of Statistics and Censuses said on Friday.
"Consumer prices in April rose by 8.4% compared to March and by 108.8% year-on-year. Inflation rose by 32% since the turn of the year," the institute said in a fresh report on the consumer price index.
Prices of shoes and clothing rose the most in April (10.8%), while the prices for alcohol and tobacco showed the smallest increase (3.8%), according to the report.
Argentina is said to have one of the highest inflation rates in the world.
A worker wearing an Argentine soccer jersey that says in Spanish World Champions, referring to Argentina's 2022 World Cup title, arranges vegetables at the central market in Buenos Aires, Argentina, Monday, Feb. 13, 2023. On Feb. 14, the government statistics service (INDEC) will release January's Consumer Price Index for Argentina, which has one of the world's highest inflation rates. - Sputnik International, 1920, 14.03.2023
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