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Argentina's annual inflation reached 94.8% in the twelve months through December, the highest in more than 30 years, with monthly consumer prices up 5.1%. Statistics agency INDEC released the data, and economists flagged scarce dollars as a continuing risk.
Runaway inflation and currency weakness raise Argentine production costs and can prompt farmers to hold or sell grain strategically, adding volatility to South American feed commodity supply.
reuters.comHernan NessiJan 12, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
