Argentina inflation ends 2019 at 54pc

17 January, 2020 12:00 AM printer

BUENOS AIRES: Inflation in Argentina ended 2019 at 53.8 percent, the highest figure since 1991 when the peso was pegged to the US dollar, data institute Indec said on Wednesday.

Indec said the cost of living increased by 3.7 percent in December alone, reports AFP.

The hardest hit sectors were health (72 percent) communications (64) and home maintenance equipment (64.)

Argentina’s inflation rate is one of the highest in the world and second only in Latin America to crisis-hit Venezuela.

Argentine inflation in 2018 was already 48 percent.