March 17, 2014 / 8:07 PM / 3 years ago

Argentina says February inflation rate slows to 3.4 percent

Residents are seen in the Villa 31 slum, which censuses show has grown 50 percent in the past four years to currently house some 40,000 people, near the 100-year-old railway station Retiro in the heart of Buenos Aires, February 9, 2014.Enrique Marcarian

BUENOS AIRES (Reuters) - Argentine inflation slowed to 3.4 percent in February from 3.7 percent in January, the government said on Monday, releasing the second monthly reading of a new consumer price index aimed at improving data accuracy in Latin America's No. 3 economy.

The market expected a February rate of 4.2 percent, according to the median forecast given by analysts polled by Reuters.

Reporting by Hugh Bronstein; Editing by Chris Reese

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