Argentina's cumulative inflation rate has reached 104.3% in the past 12 months.

[Argentina's cumulative inflation rate in the past 12 months reached 104.3%]-on April 15, the Argentine National Institute of Statistics and Census released a report on the 14th, saying that Argentina's inflation rate was 7.7% in March, and the cumulative inflation rate in the past 12 months reached 104.3%. The cumulative inflation rate so far this year is 21.7%. Argentine presidential palace spokesman Gabriela Cerrutti said through social media on the same day that serious inflation in Argentina in March was mainly due to the rise in international commodity prices affected by the conflict between Russia and Ukraine and the severe drought in Argentina at the beginning of this year.