Argentina's Annual Inflation Skyrockets to 143% Pre-Election

Argentina faces a dire economic crisis with inflation hitting over 30-year highs. October saw a 8.3% rise in consumer prices, leading to a staggering 142.7% annual inflation rate. With a presidential election imminent, extreme solutions like dollarization are proposed. Economists predict inflation could spike to 185% by year’s end. The country is on the brink of currency devaluation and tough fiscal choices, likely leading to significant GDP contractions in the coming years.