Inflation in Argentina Increases by 120% Since Beginning of Year: Institute of Statistics

© AFP 2024 LUIS ROBAYOThe national flag of Argentina flies in front of the Casa Rosada Presidential Palace in Buenos Aires on October 17, 2023.
The national flag of Argentina flies in front of the Casa Rosada Presidential Palace in Buenos Aires on October 17, 2023.  - Sputnik Africa, 1920, 14.11.2023
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MOSCOW (Sputnik) - The highest increase in prices was recorded for communication services, as well as for clothing and footwear - 12.6% and 11%, respectively, with cost for healthcare services showing the lowest increase of 5.1%, according to the Argentine National Institute of Statistics and Censuses.
Inflation in Argentina reached 8.3% in October, up 120% since the start of 2023, the Argentine National Institute of Statistics and Censuses has said.
"The general level of the Consumer Price Index registered a monthly increase of 8.3% in October 2023," the institute said in a statement.
Since the beginning of the year, inflation increased by 120%, the statement read, adding that consumer prices rose by 142.7% year-on-year in October.
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The highest increase in prices was recorded for communication services, as well as for clothing and footwear - 12.6% and 11%, respectively, with cost for healthcare services showing the lowest increase of 5.1%, according to the Institute.
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