'Congress Index': Inflation hits 1.9% in September

Opposition lawmakers presented September’s inflation index based in the analysis of nine private agencies, which showed a 1.93 percent increase against the previous month.

According to the "Congress Index," the inflation has accumulated an 18 percent increase in 2012 so far.

The data was presented at Congress by lawmakers Federico Pinedo, Pablo Tonelli, Paula Bertol (PRO), Ricardo Buryaile, Elsa Álvarez, Julio Martínez (UCR), Eduardo Amadeo (Peronist Front) and Patricia Bullrich (Unión por Todos).

"This 1.93 percent index is the higher one registered in the last months. The food and beverages sector is the one that increased the most, 24 percent," Buryaile stated.

He added that "since 2007 the 100 pesos banknote has lost three times its value."