Argentina to have triple-digit inflation in 2023

In 2023, inflation in Argentina will reach triple digits and exceed 100%, according to the Central Bank of the country, Report informs referring to foreign media.

“Analysts have predicted an annual inflation rate of 110%,” the statement said.

Inflation is expected to slow down to 90% next year.

Inflation in Argentina for two months of this year amounted to 13.1%. In 2022, consumer prices rose by 94.8%, one of the highest rates in Latin America.