Argentina’s triple-digit inflation, the world’s highest, is starting to slow but this offers little relief for residents whose salaries have stayed the same while costs of basic goods sky-rocketed and the government slashed state subsidies.Analysts expect full-year inflation of around 124% in 2024, even though September inflation is expected to have slowed to a month-to-month rate of 3.5% with the same rate of monthly increase in October. The 12-month inflation rate remained well into the triple digits at 237% in August.
October 10, 2024
SOURCE: UK FINANCE
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Argentina’s triple-digit inflation slows, but cash-strapped workers struggle to pay bills