BY CHRONICLE STAFF
While the Argentine statistics agency INDEC releases fresh inflation figures, there is widespread doubt about their acuracy. INDEC claims that February inflation ended up at 0.3 percent month-over-month and declined to 9.5 percent on a year-on-year basis.
"The surprisingly low February CPI reading has increased concerns among market participants about the legitimacy of CPI data in Argentina," Credit Suisse analyst Carola Sandy wrote in a commentary today.
The latest round of doubts come after the government in January sacked the...