Published November 14,2023
Subscribe
Argentina‘s annual inflation hit 142.7 p.c Monday, simply days earlier than a presidential election during which the dire state of the nation’s financial system might be a deciding issue.
Argentines will go to the polls on Sunday for a nail-biting election showdown between Economy Minister Sergio Massa and political outsider and self-described “anarcho-capitalist” Javier Milei.
Massa has overseen the slide into triple-digit inflation that has many struggling to outlive.
The libertarian Milei has vowed to “dynamite” the central financial institution and dollarize the financial system, firing up voters uninterested in many years of decline of their dwelling requirements.
The nationwide statistics company reported that inflation over the previous 12 months had risen 142.7 p.c, up from 138 p.c in September.
Nevertheless, month-to-month inflation slowed to eight.3 p.c, down from 12.7 p.c in September. Consumer costs have risen 120 p.c since January this yr.
Source: www.anews.com.tr