'Cornered' Argentina introduces new inflation index

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Argentina's government yesterday announced the adoption of a new inflation index in the country, following sustained criticism from the International Monetary Fund for manipulating economic statistics and understating the rate of inflation.

The economy minister announced monthly inflation of 3.7% for January last night local time – more than three times higher than the official monthly rate a year ago. Meanwhile, Argentina's Instituto Nacional de Estadística y Censos (Indec), published a new for

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