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Argentina Sees 36% Inflation in 2020

RIO DE JANEIRO, BRAZIL - Argentina ended 2020 with a cumulative inflation rate of 36.1 percent year on year, after registering the biggest price increases of the year in December, the National Institute of Statistics and Censuses (INDEC) reported Thursday, January 14th.

The South American country, which has been in a recession since mid-2018, managed to slow down the pace of inflation after it reached 53.8 percent in 2019 and 47.6 percent in 2018, said the agency.

However, according to INDEC data, prices of food, clothing and footwear, as well as recreational activities and transportation, rose by . . .

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