BUENOS AIRES—Argentina significantly overshot its inflation target in 2017 as prices rose almost 25% from the previous year, raising questions about the country’s ability to tame a problem that has plagued it off and on for decades. Consumer prices surged 3.1% in December from the previous month, pushing the annual inflation rate to 24.8%, far beyond the central bank’s target of 17%.

Source: Wall Street Journal January 11, 2018 22:07 UTC