Argentine consumers reel as inflation hits 94.8% in 2022 ...Middle East

BUENOS AIRES: Argentina registered inflation of 94.8 percent in 2022, its highest annual figure since 1991, the Indec national statistics institute said on Thursday.Latin America’s third-largest economy has one of the highest inflation rates in the world. But December’s monthly figure of 5.1 percent continued a general downward trend since a peak of 7.4 percent in July.The annual figure, nonetheless, was a huge jump on the 50.9 percent inflation from 2021.The government has set a 2023 inflation target of 60 percent.For most Argentines, going to the supermarket is a disheartening experience.“You stand in front of the shelves and analyze prices as if you were picking out jewelry,“ said Julian

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