The most recent Argentine CPI report revealed that prices rose by 7% MoM, with these numbers being second only to Venezuela's inflation, which has reached well over 100% YoY.
Argentine inflation numbers were revealed last week, with the interannual Consumer Price Index registering record levels reaching 78.5%. This puts the country second only to Venezuela in Latam in terms of high inflation, with prices rising almost 8% during August, hitting the pockets of Argentines. Ahas caused Argentines to explore cryptocurrencies as a way of keeping their purchasing power via stablecoins.
that prices rose by 7% MoM , with these numbers being second only to Venezuela’s inflation, which has reached well over 100% YoY .Food and drink prices rose 7.1% in August, while other items marked a sharper increase, like clothing and appliances. Accumulated inflation numbers reached 78.5%, the highest since 1991 amidst a climate of economic and political uncertainty, with the country having three economy ministers in less than three months.
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