Argentina says August tax income rises 31.3pc on year

BUENOS AIRES: Argentina tax revenue jumped 31.3 percent in August from a year earlier to 99.7 billion pesos ($11.852 billion), the government said on Monday, below the median forecast of 103 billion pesos estimated in a Reuters poll of analysts.

Private economists have estimated Argentina's inflation at between 30 percent and 35 percent, which would mean the increase in tax revenue is largely explainable by consumer price increases.