# Argentina's inflation rate at 95%, highest since 1991

> 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.

- Date: 2023-01-12 · published 2023-01-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38057-argentina-s-inflation-rate-at-95-highest-since-1991
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/emerging/argentina-government-aims-undershoot-inflation-forecasts-december-2023-01-12/

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