KONTAN.CO.ID - BUENOS AIRES. Argentina consumer prices rose 3.5% in October, above analyst estimates, the official statistics agency said on Thursday, a blow for the Peronist government ahead of midterm elections on Sunday in which rampant inflation is a key concern for voters. The South American country's rolling 12-month inflation was clocked at 52.1% in the month and 41.8% in the first 10 months of the year. Argentina's government had moved to tamp down inflation with an array of price freezes on household goods. But low confidence in the peso currency and spending to revive growth have counteracted that.
Argentina inflation overshoots in October in election blow for Peronists
KONTAN.CO.ID - BUENOS AIRES. Argentina consumer prices rose 3.5% in October, above analyst estimates, the official statistics agency said on Thursday, a blow for the Peronist government ahead of midterm elections on Sunday in which rampant inflation is a key concern for voters. The South American country's rolling 12-month inflation was clocked at 52.1% in the month and 41.8% in the first 10 months of the year. Argentina's government had moved to tamp down inflation with an array of price freezes on household goods. But low confidence in the peso currency and spending to revive growth have counteracted that.