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Pedestrians pass by Argentina's central bank in Buenos Aires' financial district, Argentina, January 8, 2018. /CFP
Argentina's annual inflation could hit 100.3 percent this year, according to an analysts survey published by the country's central bank on Thursday, jumping 5.3 percentage points from the previous estimate.
The forecast in the Survey of Market Expectations (REM) comes amid a prolonged financial and social crisis in Latin America's third-largest economy.
September's monthly inflation is seen reaching 6.7 percent, slightly below the 7 percent figure registered in August, according to the median of estimates.
Inflation for 2023 is expected to hit 90.5 percent, also above the previous estimate of 84.1 percent.
Argentina's government stated in its budget draft that inflation will stand at 60 percent next year.
Argentina's deep economic slump drew thousands to the streets last week, with protesters demanding action to counter sky-high inflation and help the country's poor.
The country's poverty rate fell slightly to 36.5 percent in the first half of this year, compared with a 37.3 percent rate during the second half of 2021, according to official data.
Analysts slightly raised their projection for 2022 economic growth in the South American country to 4.1 percent from 3.6 percent.
REM participants also expect the average nominal exchange rate in Argentina to be 173.13 pesos per dollar in December.
The survey was conducted between September 28 and 30 among 39 participants.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466