Argentina October Inflation Hits 2.2%, Exceeds Forecasts; Annual 33.1%

Argentina's October inflation accelerated to 2.2% month-on-month, above market expectations, driven by gas prices and a surge in food costs. Cumulative inflation for the first ten months reached 26.3%, with a 33.1% year-on-year rise, indicating persistent price pressures. The data complicates the central bank's easing path and may pressure the peso and local assets.

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