Granted, that would come after inflation soared 32 percent in the first seven months of the year, according to the Buenos Aires City government. If the estimate is true, it would mark the lowest monthly inflation rate in 10 years, he said. “We’re doing what we said we would, which was lower the inflation rate in the second semester,” Prat-Gay said in an extensive interview with La Red radio. Again, that’s after making inflation soar in the first half of the year, but let’s not get caught up in the details. Despite this optimism, Prat-Gay refused to speculate on what the inflation rate will be this year.

Source: The Bubble August 29, 2016 15:45 UTC