Inflation in Argentina has reached a whopping 143 percent, the highest increase since the country emerged from a period of hyperinflation three decades ago, the Buenos Aires Times reports.
This jump indicates the difficult state of the domestic economy, ahead of the presidential elections on November 19.
This jump indicates the difficult state of the domestic economy, ahead of the presidential elections on November 19.
Experts predict that inflation will continue to rise in the next year, when it is estimated that it could reach 200 percent.
In the presidential elections, Argentines will choose between the current Minister of Economy Serđo Massa and the libertarian Javier Milej.
He proposes closing the central bank and introducing the US dollar as the domestic currency, in order to stop uncontrolled price growth and further economic decline.
Source: Buenos Aires Times
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