Argentina’s March Inflation Slows Despite Yearly Uptick

INSUBCONTINENT EXCLUSIVE:
came to light in a recent Consumer Price Index (CPI) report by INDEC.The report highlights third consecutive month of inflation deceleration
20.6% in January and further to 13.2% in February.Nonetheless, the annual inflation rate escalated to an alarming 287.9%, a peak not seen
(Photo Internet reproduction)Furthermore, core inflation, which omits fluctuating components, decreased to 9.4%, hitting single digits for
the first time in four months.Inflation breakdown: regulated prices surge by 18.1%, followed closely by seasonal items at 11.1%.The
education sector saw the sharpest increase at 52.7%, propelled by hikes in tuition fees as the new academic year began.The communication
sector also faced a significant rise of 15.9%, primarily due to higher costs for telephony and internet services.Utilities including
housing, water, electricity, gas, and other fuels climbed by 13.3%, mainly driven by increased electricity charges.In contrast, the smallest
changes were observed in restaurants and hotels, up only 8.3%, and household equipment and maintenance, which rose by 5.0%.Navigating
bread.Weeks earlier, Economy Minister Luis Caputo suggested that the government expected March inflation to hover around 10%.Despite actual
figures slightly exceeding this, Caputo later claimed, based on internal data, that food prices were actually deflating in early