'Congress Index': 2012 Inflation hits 25.6%

The inflation has climbed to 25.6 percent in 2012, two times the figures registered by the official data, according to the index presented by opposition lawmakers based in the analysis of nine private agencies.

Meanwhile, inflation has hit 2.1 percent in December, triggered by the new year's eve consumption and the beginning of summer holidays.

According to the Indec national statistics bureau, the inflation had accumulated 9.7 percent between January and November, which could add up to 11 percent with the volume registered in December, more than a half of the figures released by the private agencies.

The announcement was made during a press conference headed by Patricia Bullrich (Unión por Todos), Carlos Brown (Peronist Front), Cornelia Schmidt-Liermann (PRO)and Patricia De Ferrari (Radical Party).

Regarding the results, Brown assured that "the index is the highest in the region, including Venezuela, leading to a drop of the activity levels."