Argentina's Consumer Price Index (CPI) for February of 2023 was reported to stand at 6.6%, according to the National Institute of Statistics and Census (Indec), which resulted in interannual inflation of 102.5%. In this scenario, Economy Ministry sources quoted by Buenos Aires media admitted the possibility of not meeting the 60% annual target outlined in the 2023 Budget. Read full article
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102.5% p/a = Ouch!!! That must hurt.Mar 15th, 2023 - 11:02 am - Link - Report abuse +1
It's difficult enough here in Ireland with inflation just above 10% so God knows how the ordinary Argentine copes.Mar 15th, 2023 - 11:08 am - Link - Report abuse 0
Of course it won't affect the famously corrupt Argentine Government ministers et al.
That level of inflation is a killer, or so it would seem to a person who only has experience of a developed western economy,Mar 16th, 2023 - 12:44 am - Link - Report abuse 0
Where everything is controlled re.. declaration of income and payment of tax etc. etc for the average Joe in the street..
But undeclared income is off the scale in many Latin American countries amongst the rich and the poor
The hardest hit are the ones who cannot find work off the books