Congress Index: Inflation hits 1.8% in October

Opposition lawmakers presented October’s inflation index based in the analysis of nine private agencies, which showed a 1.8 percent increase against the previous month.

Lawmakers from opposition parties, such as the Radical Party, PRO, Peronist Front and Unión por Todos, announced the private data and stated that the inter-annual figures have reached 24.6 percent.

The "Congress Index" was presented by Ricardo Gil Lavedra and Juan Tunessi (UCR), Patricia Bullrich (Unión por Todos), Eduardo Amadeo (Federal Peronism) and Pablo Tonelli (PRO.

The head of the Radical Party at the Lower House of Congress announced that the inflation index is three times higher than the one reported by the Indec national statistics bureau.

Along with Lawmakers Patricia Bullrich and Paula Bertol, Gil Lavedra also denounced "censorship" of the private agencies to publish their prices index.

The lawmakers also stated that the inflation had hit 24.23 percent year-on-year.

Bullrich affirmed that "it's a worrying situation for the citizens," and added that "during October, a month that usually has low inflation rates, it has hit 1.8 percent."