UPDATE 1-Argentine March inflation slows slightly

* Analysts expected 1.5 pct, private forecasts higher

* March figure takes 12-month inflation to 9.7 pct
(Recasts, adds details, background)

BUENOS AIRES, April 14 (BestGrowthStock) – Argentine inflation
slowed slightly to 1.1 percent in March as food prices
continued to climb as government figures came in at less than
half of private estimates for real price rises.

The data released by the INDEC national statistics agency
was below market expectations and was likely to added to a
widening gap between official and actual inflation fgures.

The result was slightly below the median forecast of 1.5
percent in a Reuters poll of eight analysts.

Food prices climbed 2 percent in March according to the
government figures. Education costs rose 1.7 percent and
clothing prices were up 0.9 percent.

Economists, the opposition and renegade INDEC employees
accuse the government of under-reporting official reporting
price data for political reasons, as well as to save money on
the repayment of inflation-indexed bonds.

Inflation is expected to rise to more than 20 percent this
year, according to private forecasters.

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(Reporting by Helen Popper; Writing by Kevin Gray, Editing
by Chizu Nomiyama)
([email protected]; +54 11 4318 0655; Reuters
Messaging: [email protected]))

UPDATE 1-Argentine March inflation slows slightly