Argentina Annual Inflation Falls To 10%

Argentina’s annual rate of inflation dropped to 10% in November, from 10.5% in October, according to INDEC, the national institute of statistics. Consumer prices rose 0.7% during the month – driven by higher food costs – and takes cumulative inflation for the year through November to 8.8%. Inflation now looks set to close the year under 10% and compares with inflation last year of 12.3%.