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Inflation S Past
Inflation S Past
Prices in Argentina rose 4.3 percent in November, the INDEC national statistics bureau
reported on Thursday, as inflation accelerated.
That jump means inflation over the last 12 months totals 52.1 percent, with prices
up 48.3 percent since the start of this calendar year, according to official data.
After September’s peak of 5.9 percent, October's rate slowed a little to 3.3 percent.
However, experts predicted the respite would be short-lived, largely due to greater
anticipated movement in the food and beverage sector. That proved to be accurate
– food and beverage prices rose by 5.3 percent, according to INDEC.
In October inflation rate was slowed than September Nevertheless the food and beverage`s
prices increased 5.3 %
Why was the respite short- lived?
Experts also expected the government's unfreezing of fuel prices to have an impact,
hitting every part of the chain of production, pushing costs up and then passing them
down to the consumer. INDEC’s report suggests that occurred.
What did unfreezing of fuel prices bring about?
Who suffered the most ¿? Why? The most impacted sectors were communications (7.4
percent),