Inflation in Argentina was 45.9% in October


In the budget of Argentina for 2019, approved by the Senate last week, expenditure items were significantly reduced, according to the terms of the loan from the International Monetary Fund. According to Buenos Aires Time, in the budget, social spending reduced by 35%, taking into account inflation, and the cost of servicing the public debt increased by 50%. According to official data, inflation in October reached a maximum over several years of 45.9%, rising from 40.5% in September. Relative to the previous month, consumer prices rose by 5.4% after rising 6.5% a month earlier. Argentina's loan, approved by the IMF in the amount of $57 billion, has become the largest in the history of the fund. Argentina’s next year’s budget provides that inflation will slow to 23% by the end of 2019.

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