Rising inflation continues to pose challenges for the U.S. economy


Reuters

Argentina’s inflation surges to 3.8% due to a surge in festive spending

Inflation in Argentina rose to 3.8% in December, the government said Thursday, surpassing expectations and returning to its highest level since April last year. Natalia Motyl, Economist at Fundacion Libertad y Progreso, said: The Argentine government has fought to curb rampant inflation, which is running at an annual rate of over 50%. Exports of some meat fillets and grains are capped, and prices for many consumer goods are frozen.

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