surpassed Venezuela and Lebanon

surpassed Venezuela and Lebanon

As reported the National Institute of Statistics and Censuses (INDEC), the March inflation in Argentina was 11% and it already takes accumulated 51.6% so far this year. Despite this number, the country once again surpassed the Lebanon and Venezuela and recorded the highest inflation in the world in annual terms, with an increasing gap compared to those immediately pursued.

Although analysts have good forecasts for next year, the country does not give up its place on the global podium, nor does it do so in the regional ranking, where the rest of the countries have a inflation annual one digitexcept Venezuela.

Argentina has the highest inflation in the world: what analysts say

Inflation Prices Supermarket Consumer Products

Despite the 11% in March, Argentina surpassed Lebanon and Venezuela in the level of inflation.

Mariano Fuchila

Economists critical of the Government emphasize that the fall in prices is based almost exclusively on the strong recession recorded the first two months, which was clearly reflected in a drop in both salary and pension income.

For their part, the analysts consulted by the Survey of Market Expectations (REM) They predict that the inflation of a monthly single digit will arrive in the month of May and that at the end of the year could rise to 189%. Even for next year, the forecasts are even better, since the average is 60%although the banks Morgan Stanley and JP Morgan calculated between 30% and 40%respectively.

According to the March measurement of Venezuelan Finance Observatory (OVF), Venezuela – which suffered hyperinflation for three years – is already experiencing an annual price increase of 89%, while for the Central Bank it is 67%. In this way, Argentina and Lebanon are the only two countries in the world with a triple-digit inflation rate.

On the other hand, among the most developed countriesUSA recorded a price increase of 3.2% annually last month, while Germany it remained at 2.2% and France at 2.3%.

Inflation of countries in Latin America

In Latin AmericaBehind Argentina and Venezuela, the rest appear with one digit of annual inflation. Colombia is in third place with 7.3% annually (0.7% last month), followed by Mexico with 4.4% (0.2% monthly), Brazil with 3.9% (0.1%), Chili 3.7% (0.1%), Uruguay 3.8% (0%), Paraguay 3.6% (1.1%), Bolivia 3.1% (0.5%), Peru 3% (1%) and Ecuador 1.6% (0.2%).

He International Monetary Fund (IMF) will release its global forecasts for economic growth and inflation next week in conjunction with the World Bank. It is expected that Argentina will register the worst result when combining both indicators among the G20 and OECD countries.

Source: Ambito

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