Argentina's Cost-of-Living Crisis Worsens as Inflation Hits 124%

14 September 2023

Argentina experienced a shocking inflation rate of 124.4% in August, the highest since 1991, leading to widespread hardship. Daily, consumers scramble to find affordable options amid drastically varying prices. With monthly inflation at 12.4%, poverty rates have surged beyond 40%, fueling discontent globally. Such economic instability serves as a stark warning for countries worldwide.

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