February 4, 2020 / 5:24 PM / 14 days ago

Argentina says Jan tax revenue rose 44.9% to 527.3 bln pesos

BUENOS AIRES, Feb 4 (Reuters) - Argentina collected 527.3 billion pesos ($8.74 bln) in January tax revenue, up 44.9% from the same month last year, the official AFIP tax authority said on Tuesday.

Inflation in the financially troubled South American country was 53.8% last year. Galloping increases in consumer prices often causes large rises in tax revenue in absolute numbers.

Reporting by Jorge Otaola, writing by Hugh Bronstein

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