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Argentina: prices reportedly increased up to 6.4% in February and annual inflation already exceeds 100%.

Preliminary data for February inflation suggests 2023 will be even more volatile than last year.

The financial result for the year's first month adds uncertainty for the future evolution of prices.

The government of Alberto Fernández and Sergio Massa started the election year with a sharp increase in public spending during January and, soon after, a pension moratorium law that added a deficit of $278.086 billion (US$1.41 billion) for ANSES in 2023.

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