Argentina Inflation Soars to 109%, Surpassing All Forecasts

Argentina’s annual inflation rate reached 109% in April, surpassing analyst forecasts and worsening the situation for hard-hit consumers. In April, the country recorded 8.4% monthly inflation, exceeding the highest rate in decades. This has led to 25% of people in poverty, and the dwindling central bank reserves now threaten the government’s finances. High inflation, debt, and currency crises have plagued the country for years. A self-employed worker stated that “They’ve turned us into a country of beggars.”

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