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Argentina's Inflation Hits 2.7% Amid Economic Turmoil

1/14/2025

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Summary

Story summary

Argentina's inflation surged to an estimated 2.7% in December, a rise from November's 2.4%, as the nation grapples with economic turmoil. With food prices, especially meat, fueling the crisis, analysts project a staggering 117.8% inflation rate for 2024. Yet, a glimmer of hope remains, as some economists anticipate a slowdown, possibly bringing annual inflation below 30% for the first time since 2017.

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Story summary

Argentina's inflation surged to an estimated 2.7% in December, a rise from November's 2.4%, as the nation grapples with economic turmoil. With food prices, especially meat, fueling the crisis, analysts project a staggering 117.8% inflation rate for 2024. Yet, a glimmer of hope remains, as some economists anticipate a slowdown, possibly bringing annual inflation below 30% for the first time since 2017.