Argentina central bank poll hikes 2023 inflation outlook to 169%

Argentina's annual inflation rate is expected to reach 169.3% by the end of the year, a central bank poll showed on Wednesday, a sharp hike from the estimate in the same poll a month earlier following a sharp devaluation of the local peso currency.

The poll also indicated that September's monthly inflation rate is expected to hit 12% and then slow slightly to 9.1% in October. August monthly inflation, revealed on Wednesday, came in at 12.4%, the highest level since 1991.

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