# Argentina inflation slows for a second month as President Milei keeps pushing austerity measures | AP News

> Argentina's INDEC statistics agency reported monthly inflation of 13.2% in February, down from 20.6% in January and 25.5% in December. Annual inflation reached 276.2%, the highest in three decades. Government officials and analysts expect a further rise in inflation.

- Date: 2024-03-12 · published 2024-03-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/31493-argentina-inflation-slows-for-a-second-month-as-president-milei-keeps-pushing
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Persistent high inflation keeps pressure on the peso, which affects Argentine farmers' selling decisions for soybeans, corn and meal, but the direct price impact on feed markets is modest.

## Read by commodity

- USDARS: neutral

## Sources

- apnews.com: https://apnews.com/article/argentina-inflation-milei-economy-b742f06a3565fbcea24ff925420adf38

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.