Argentina's cumulative inflation rate has reached 56.4% since this year

Xinhua News Agency, Buenos Aires, September 14 (Reporter Ni Ruijie Wang Zhongyi) Data released by the National Statistics and Population Census Research Institute on the 14th show that Argentina's cumulative inflation rate in the first eight months of this year was 56.4%.

Data show that in the 12 months of August this year, Argentina's cumulative inflation rate reached 78.5%, the highest level since 1991.In addition, Argentina's monthly inflation rate was 7%in August. The prices of products such as shoes and clothing, home appliances and other commodities in the month rose as soon as possible. The price of mobile communication, education, and cultural leisure was relatively slow.

Argentina's previous market expected marketing reports showed that the country's cumulative inflation rate will reach 95%in 2022.In order to control inflation, the Argentine Central Bank has raised interest rates many times this year, and the current benchmark interest rate has reached 69.5%.

[Editor in charge: Wang Jianing]

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