OECD sharply raises its inflation forecast for Argentina in 2024, to 250.6% against 157.1% expected in November. Inflation in Argentina "accelerated at the end of 2023, which suggests a strong carry-over effect for average annual inflation in 2024", explained the OECD.
Price increases accelerated sharply in December in Argentina, to 25.5%, after a devaluation of more than 50% of the peso by the new leader to stabilize the economy plagued by chronic inflation and debt.