Argentina’s annual inflation soars to 211.4%, the highest in 32 years
LA TimesA vendor arranges vegetables at a market on the outskirts of Buenos Aires on Wednesday. Argentina’s annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency. The data reflect the strong impact of a series of shock measures, including a 50% devaluation of the nation’s currency, implemented by right-wing President Javier Milei in hopes of eventually bringing the country’s roaring inflation under control. Milei had said in an interview with a Buenos Aires radio station before the figures were released that if the monthly inflation rate came in below the forecast, that would be an accomplishment. In his inauguration speech, Milei announced a painful adjustment plan aimed at staving off hyperinflation and warned that the measures would initially have a “negative impact on the level of activity, employment, real wages, and the number of poor and indigent people.” It is estimated that 40% of the population lives in poverty.
History of this topic
Argentina’s inflation edges up in June, breaking a months-long streak in a blow to President Milei
Associated PressArgentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Associated PressWith inflation soaring, Argentina will start printing 10,000 peso notes
Associated Press
With inflation soaring, Argentina will start printing 10,000-peso notes
LA TimesArgentina’s annual inflation soars to 211.4%, the highest in 32 years
Associated Press
Argentina weakens peso currency by 50% as part of shock economic measures
Live MintArgentina sharply devalues its currency and cuts subsidies as part of shock economic measures
Associated Press)
Argentina braces for election with economy in 'intensive care'
FirstpostArgentine inflation keeps soaring, putting the government on the defensive as elections near
Associated Press
Inflation continues to climb in Argentina as presidential election nears
Al Jazeera
Argentina introduces larger bank note amid galloping inflation
Associated Press
Inflation in Argentina leaves families struggling to feed themselves
Associated Press
Inflation in Argentina leaves families struggling to feed themselves
LA Times
Food or medicine? Inflation squeezing retirees in Argentina
Associated Press
Argentinians buckle under 104.3 percent inflation
Al Jazeera
High inflation pushes poverty rate even higher in Argentina
Associated Press
Inflation over 100%? It’s the reality in Argentina, where daily life is a struggle
LA Times
Argentines struggle to make ends meet amid 100% inflation
Associated Press
Inflation in Argentina surges past 100 percent in historic spike
Al Jazeera
Argentinians drown in spiralling inflation at nearly 100%
Al Jazeera
Inflation is a global problem. Here’s how central banks are addressing it
CNN
Bartering increases in Argentina as inflation keeps soaring
Associated Press
Argentina hikes rate to 69.5% as inflation surges to 30-year high
Al Jazeera
As inflation in Argentina skyrockets, everyone is poorer
Al JazeeraDiscover Related
)
)
)
)
