Consumer prices in the South American country have been soaring after the devaluation of the peso by the new government Annual inflation in Argentina hit a three-decade high of 254% in January even as the rate slowed slightly in monthly terms, according to official data released on Wednesday. Newly installed President Javier Milei has subjected the country to a number of ‘shock therapy’ reforms aimed at stabilizing the ailing economy, including devaluing the nation’s currency by 50% against the dollar and hiking the key interest rate to 133%. “If one takes the number alone, isolated, it is horrifying. And indeed
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