Argentina is again second on the global inflation podium

Argentina returned to take second place in October on the podium for the highest level of inflation in the world, only surpassed by Venezuela.

With the 3.8% of October reported yesterday by Indec (despite the fact that in October the system of maximum prices was still in force, which has already started this month to disarm, with the freezing of rates and the steady rate of devaluation of the official dollar), Argentina has exceeded the annual inflation of most countries in the region in one month.

In the world ranking, compiled on the basis of the statistical institutes of each country, during the last 12 months, Venezuela (in this case, the data comes from the Central Bank), recorded hyperinflation of 1813%, followed by l ‘Argentina – very far – with 37.2%, Turkey 11.9%, India 7.6%, Saudi Arabia with 5.7%, Mexico 4.1%; Russia 4%; Brazil 3.9%, Poland 3%; South Africa 3%; Philippines 2.5%; Indonesia 1.4%; New Zealand 1.4%; United States 1.2%; Australia 0.7%; China 0.5%; Great Britain 0.5%; Canada 0.5%; Sweden 0.3%; Finland 0.2%; South Korea 0.1%; Singapore, France and Japan 0%; then, in the field of deflation, they are in Portugal with -0.1%; Germany -0.2%; Italy -0.3%; Switzerland -0.6%; Spain -0.9%; Ireland -1.5%; and Hong Kong -2.2 percent.

In regional terms, in 2019 Argentina already ranked second with an inflation of 53.8% after Venezuela’s 9585%; while Brazil recorded 4.3%; Paraguay 2.8%; Uruguay 8.8%; Bolivia 1.5%; Colombia 3.8%; Ecuador -0.1%; Peru 1.9%; and Chile 3 percent.

In October, Brazil recorded an increase in retail prices of 0.8%, Uruguay 0.6% and Peru 0.5%, among others.

For this year, Venezuela is expected to finish with an increase of 2585%; Argentina 35.8%; Brazil 3.4%; Uruguay 9.5%, Peru 1.6%, Paraguay 1.9% and Colombia 2%. (Infobae)