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VOICED : Argentina reconoce alta inflacion
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Business, Social Studies, Economics
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9th - 10th Grade
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Hard
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In January 2022, Argentina experienced a 3.7% inflation rate, the highest since 2002. This was reported using a new price index developed with the IMF's guidance. The inflation rate was close to private estimates of 4.61%. The peso's 18% devaluation against the dollar in January contributed to the inflation spike. The Central Bank allowed the peso to float freely due to declining foreign reserves, impacting Argentina's debt financing and market participation.
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