Congress Index: Inflation hits 1.76% in July

Opposition lawmakers presented July’s inflation index based in the analysis of nine private agencies, which showed a 1.76 percent increase against the previous month.

According to the indexes of different private agencies, the inflation has accumulated 24.13 percent between July 2011 and July 2012.

Legislators Eduardo Amadeo (Peronist Front), Juan Pedri Tunessi (Radical Party), Paula Bertol and Pablo Tonelli (PRO), and Patricia Bullrich (Unión por Todos) presented the "Congress Index" during a press conference.

Tunessi highlighted that the inflation index registered in July "the highest volume in the last 14 months."

Meanwhile, Bullrich assured that "we are stranded and the raise of the salary is a big lie, such as the Indec."