Argentina posts 31.5 percent annual inflation in December, lowest level in 8 years

BUENOS AIRES, Jan. 14 (Xinhua) -- Argentina recorded an annual inflation rate of 31.5 percent in December, the lowest year-end level in eight years, the National Institute of Statistics and Censuses (INDEC) reported Tuesday.

However, consumer prices rose 2.8 percent from November, marking the second-highest monthly increase of the year, and largely driven by transport, housing, utilities and fuel costs, accordin