Feb 10 • 22:37 UTC 🇦🇷 Argentina La Nacion (ES)

The opposition criticized the rise in inflation in January amid controversy over changes in Indec

The opposition in Argentina has criticized the increase in inflation in January, which reached 2.9%, exceeding market expectations.

In January, Argentina's inflation rate rose to 2.9%, a figure that surpassed market predictions and stirred significant political controversy. This announcement from Indec, the nation's statistics agency, occurs in the backdrop of a heated debate regarding changes to the agency and its methods of measuring inflation. The previous director, Marco Lavagna, resigned amid this ongoing turmoil, raising concerns about the credibility of the data being reported.

Several political figures and representatives from various opposition parties expressed discontent over the January inflation rate, noting that it represents an acceleration from December's 2.8%. They indicated that seasonal factors, particularly in vegetable prices, played a major role in this uptick, further complicating the economic landscape during a time when Argentinians are already facing challenges due to rising costs of living.

As the controversy continues, the opposition has called for greater transparency and accountability from Indec, especially concerning its methodologies for calculating the Consumer Price Index (CPI). This situation not only has implications for economic policy but also for the upcoming political landscape, as inflation remains a pressing issue for many voters in Argentina, influencing public perception and party strategies in the run-up to elections.

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