Correction: Argentina-Economy story

  • by: Associated Press
  • Updated: February 14, 2014 - 7:35 AM

BUENOS AIRES, Argentina — In a story Feb. 13 about the Argentine government's report that consumer prices rose 3.7 percent in January, The Associated Press miscalculated the equivalent annual inflation rate as 44 percent. Annual inflation compounds monthly inflation, so if Argentine prices were to continue rising at this rate throughout 2014, the annual rate would be 55 percent.

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