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Argentina: inflation reached 98.8% and rose 6% in January alone, despite Massa’s price control plan 

The Argentine economy is going through the most difficult stagflation situation since the 1980s.

While prices soar, economic activity has sharply declined since August last year.

INDEC confirmed that retail prices increased to 6% in January, comfortably exceeding the 4% target stipulated by Sergio Massa and the "Fair Prices" program launched in November last year.

Neither price controls nor the delay in the pace of official devaluation could contain the inflationary stampede.

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