FX.co ★ Argentina's CPI Reaches 254.2% in January 2024

In a recent report released by Argentina's government, the Consumer Price Index (CPI) for the month of January 2024 surged to 254.2%, showing a significant increase from the previous indicator of 211.4%. This data was updated on February 14, 2024, confirming the rising inflation rates in the country.

The comparison period, in this case, is Year-over-Year, which means the current 254.2% CPI is compared to the same month a year ago. This substantial jump in the CPI indicates a concerning trend of inflation in Argentina, impacting the cost of goods and services for its citizens. The government will likely face challenges in stabilizing the economy and managing the rising inflation rates as they continue to monitor and address this ongoing issue.