Argentina’s inflation rate reached 12.4 percent in August, the highest monthly rate since 1991, according to the country’s central bank.
According to analysts, the main drivers for the high rate were items directly affecting popular consumption, such as food and medicine, which have increased by more than 15 percent, with expectations that the inflation in September is expected to exceed the rate in August.
With the number of August, the inflation rate for the January-August period of 2023 has reached 80.2 percent, while the figure for the last 12 months to August has reached 124.4 percent.