Annual inflation in Argentina reaches 64%, highest level in 30 years

RIO DE JANEIRO, BRAZIL - Inflation in Argentina continued to post strong increases in a scenario in which it is expected to post higher increases in the short term, increasing pressure for the central bank to speed up its daily devaluations of the peso.

According to data released this Thursday by the National Institute of Statistics and Censuses (Indec), consumer prices rose 5.3% in June, accumulating an increase of 64% in twelve months, compared to 61% in May it registered its highest level in 30 years.

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