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Inflation in Argentina was 3.5% in September and exceeds 52% year-on-year

Inflation in Argentina registered in September an increase of 3.5% and accumulates 52.5% year-on-year, reported this Thursday the National Institute of Statistics and Censuses (Indec).

According to the agency, the consumer price index (CPI) accumulated a rise of 37% in the first nine months of the year.

Last month, the Indec reported that the rise in August compared to July was 2.5%, which in the last period it rose 1 percentage point.

The latest data from Indec indicate that the Government of Alberto Fernández should strengthen the economic policies it is applying to contain the rise in prices, one of the issues that most concern Argentines, who see their purchasing power fall month by month.

Despite a series of measures implemented by the Casa Rosada, such as price agreements with food companies, or the Price Care program, which sets reference values ​​and guarantees minimum prices for basic necessities, the CPI has already grown in the nine months that go from 2021 more than in all of 2020.

“Inflation is the most important objective of economic policy. The reverse is to seek a recovery in real wages, which will continue in the years to come “, manifested last week the Minister of Economy, Martín Guzmán, during a convention with construction businessmen.

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