Consumer prices in Argentina have been soaring after devaluation of peso by Javier Milei’s new government Annual inflation in Argentina exceeded 211% in 2023, marking the highest rate in more than three decades, according to the latest data released by the government’s statistics agency INDEC. Argentina’s year-on-year rise in prices has also propelled it above Venezuela for the first time in decades, sending the South American country to the highest rankings among nations struggling with soaring inflation. The data underscores the strong impact of a series of shock measures there, including a 50% devaluation of th
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