Argentina’s annual inflation accelerated less than expected while economic growth picked up on a quarterly basis before the government revamped price controls.
Prices rose by 92.4% in November from a year ago, the highest rate in 30 years though less than the 94.2% median estimate in a Bloomberg survey, according to government data published Thursday. Monthly inflation cooled to 4.9%, the lowest level since February and well below analysts’ 5.9% median expectation.
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