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International Business Times
International Business Times
Business
Leila MACOR

2023 Inflation Tops 211 Percent In Economic Crisis-torn Argentina

Food and non-alcoholic drink prices rose more than 251 percent year-on-year in Argentina (Credit: AFP)

Argentina's annual inflation surged beyond 200 percent in 2023, the statistics agency said Thursday, as the country grapples with an economic crisis new President Javier Milei has vowed to address by slashing state spending.

Monthly inflation in December stood at 25.5 percent, said the INDEC agency, while the annual figure over 12 months was 211.4 percent.

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