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Argentina's inflation rate expected to hit 95% this year

10 Tháng Chín 2022
Argentina's inflation rate expected to hit 95% this year © Reuters. FILE PHOTO: Pedestrians pass by Argentina's Banco Central (Central Bank) in Buenos Aires' financial district, Argentina, January 8, 2018. REUTERS/Agustin Marcarian/File Photo

BUENOS AIRES (Reuters) - Economists hiked their estimate for annual inflation in Argentina this year to 95%, a monthly poll published Friday by the central bank showed, as the country struggles to overcome a prolonged economic crisis marked by soaring prices.

The latest forecast for surging consumer prices is 4.8 percentage points higher than the previous month's estimate.

Analysts estimated that Argentine inflation rose 6.5% in August.

By next year, the South American nation's annual inflation rate is expected to reach 84%, and drop to 63% in 2024, according to the poll.

The analysts consulted by the central bank moderately raised their projection for Argentina's economic growth this year to 3.6%, up barely 0.2 percentage points compared to last month's poll.

The third-largest economy in Latin America has long suffered from high inflation, which has been aggravated by the effects of the war between Ukraine and Russia.

Poll participants also expected the average official exchange rate in Argentina in December to reach 170.11 pesos per U.S. dollar, though Argentine traders have increasingly turned to black market foreign exchange.

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29-09-2022 21:05:19 (UTC+7)

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 GBP/USD1.0994Buy
 USD/JPY144.54Neutral
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 USD/CAD1.3726↑ Buy
 EUR/JPY140.79Neutral
 EUR/CHF0.9550↑ Sell
 Gold1,662.55↑ Buy
 Silver18.663↑ Sell
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 Allianz157.99↑ Sell
 Adidas124.90↑ Sell
 Lufthansa5.816Neutral
 Siemens AG97.43↑ Sell
 Deutsche Bank AG7.500Neutral
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Cập nhật lúc 17:59:34 29/09/2022
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