The cost of living in Argentina registered an increase of 6% in April and accumulated so far this year a rise of 23.1%, one of the highest rates in the world and that the government attributed in part to the war in Ukraine.

Meanwhile, 12-month inflation reached 58%, according to the official statistics institute Indec, one of the highest in the country in three decades.

“There is a percentage of that inflation derived from the increase in food prices as a result of the war,” Argentine President Alberto Fern├índez said at a press conference in Paris on Thursday, as part of a European tour.

The indicator of the increase in consumer prices was released on the same day that tens of thousands of protesters from left-wing parties and social organizations end a three-day march from the four days of the Plaza de Mayo, in front of the government house. cardinal points of the South American nation, demanding better wages and jobs.

The inflation figure is also known at a time when the International Monetary Fund (IMF) performs the review of compliance with the agreement signed with the Fernández government to refinance a debt of 44,000 million dollars contracted during the mandate of former President Mauricio Macri (2015-19).

The IMF has estimated an increase in the cost of living in Argentina of 51.7% by 2022, a projection that rises to 60% according to the latest survey of the Central Bank with the largest banks and market consultants.


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