Inflation
Inflation rate in Argentina rises to over 270 percent
Inflation in Argentina is one of the highest in the world. Last year it rose to 276.2 percent. In particular, the costs of communication, transport and housing rose sharply.
Inflation in Argentina is one of the highest in the world. South America’s second largest economy suffers from a bloated state apparatus, low industrial productivity and a large shadow economy that deprives the state of a lot of tax revenue.
The ultra-liberal President Javier Milei wants to get Argentina back on track with a radical austerity program. The government sharply devalued the local currency, the peso, and announced cuts to subsidies on gas, water, electricity and public transport, which is likely to further fuel prices.