Argentina Inflation Soars Past 100% Mark
Mar 16, 2023 ·
50s
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Description
Argentina's inflation rate has soared past 100% for the first time since the end of hyperinflation in the early 90s. Inflation hit 102.5% in February, the country's statistics agency said,...
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Argentina's inflation rate has soared past 100% for the first time since the end of hyperinflation in the early 90s.
Inflation hit 102.5% in February, the country's statistics agency said, meaning the price of many consumer goods has more than doubled since 2022.
Argentina has been in economic difficulty for years, and most of the population now lives in poverty.
Argentinian media said that this increase could partly be due to a sharp hike in the price of meat, which rose by almost 20% in the space of a month.
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Inflation hit 102.5% in February, the country's statistics agency said, meaning the price of many consumer goods has more than doubled since 2022.
Argentina has been in economic difficulty for years, and most of the population now lives in poverty.
Argentinian media said that this increase could partly be due to a sharp hike in the price of meat, which rose by almost 20% in the space of a month.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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