Argentina says inflation accelerated as economy cooled

Argentina’s inflation sped up to 10.8 per cent last year, still far below independent estimates of about 25 per cent that put the country’s inflation rate as the highest in Latin America.

Inflation remains stubbornly high despite a sharp economic slowdown in Argentina, Latin America’s third-biggest economy. Many economists say the government’s loose fiscal and monetary policies are to blame.

“The economy is showing clear signs of stagflation,” Goldman Sachs economist Alberto Ramos wrote in a briefing note.

via Business feed http://www.scmp.com/business/economy/article/1129304/argentina-says-inflation-accelerated-economy-cooled