Greater Buenos Aires' inflation up 10.5%, says discredited stats bureau Indec

Monday, September 16, 2013

Inflation in capital Buenos Aires and the greater Buenos Aires area rose 10.5% year-on-year and 0.8% month-on-month in August, a report by discredited Argentine statistics bureau Indec said.

The inflation figures produced by Indec are considered not to be credible by local and international analysts as well as the IMF, who generally estimate Argentina's inflation at much higher levels.

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