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Argentina inflation surges past 200%, hitting highest level in decades

  • Argentina is experiencing its highest inflation rate in 34 years, surpassing Venezuela's rate and creating concern about food affordability and poverty levels.
  • The country's monthly inflation rate in December stood at 25.5%, slightly below the government's forecast of 30%, but still contributing to rising prices of essential goods.
  • President Javier Milei aims to combat hyperinflation and stabilize the economy through tough austerity measures, though the impact is expected to initially worsen employment, wages, and poverty rates.
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El mes de diciembre ha sido para los argentinos uno de los más terribles en materia de precios de los últimos años. A la ya galopante inflación , que venía causando estragos en los bolsillos de los ciudadanos, se sumó un escenario de desconcierto y la eliminación de algunos controles que habían sido implementados por la gestión del expresidente Alberto Fernández. Esta semana se dieron a conocer las cifras que los consumidores ya sentían en su ec…

·Madrid, Spain
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Lean Right

For the first time in more than a decade, it surpassed Venezuela. Inflation in 2023 was more than 200%.

·Buenos Aires, Argentina
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n-tv broke the news on Thursday, January 11, 2024.
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