Most economists believe that a revamped index will reveal inflation is higher than the current monthly readings of about 2.5%. Several studies indicate that, and indexes compiled by cities and provinces, including Buenos Aires, consistently come in at higher rates than the national reading. Even the head of Argentina’s statistics institute, known as INDEC, acknowledged last year that the index needs changing. But, six months later, nothing has changed. For Milei and his economic team, a refresh could spell trouble, especially ahead of midterm elections scheduled for October.
March 19, 2025
SOURCE: YAHOO FINANCE
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