Argentine Inflation At 28-Month High

Argentina’s consumer prices rose 1.2% in November, above the average forecast by analysts. Inflation for the year, as at November, stood at 11.1%, overshooting government targets. Annual inflation to November was 12%, the highest rate in 28 months. The government has, however, managed to secure an agreement by food retailers to drop the price of 250 basis products by 15% in its efforts to contain inflation.