Consumer prices in Argentina rose 4.8% in March from February, according to data released by the INDEC national statistics bureau. The monthly figure was the highest since September 2019. Annual inflation reached 42.6% in March. Prices have now risen 12.4% in the first quarter. Economy Minister Martín Guzmán predicted Wednesday that inflation should cool in April after reaching its peak for the year last month, though he conceded that March’s data would be “the highest of the year.” According to the consumer price index, increases were led by a 28.6% surge in education. Clothing and footwear jumped 10.8%. Food and beverages increased 4.6%, with meat rising 5.9% and dairy products up 7.2%.