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Argentina’s inflation rate tops 100% for the first time in three decades

Argentina's annual inflation rate surpasses 100% for the first time since 1991, amid failed government measures, money-printing and geopolitical tensions.

  • Argentina's annual inflation rate surpasses 100% for the first time since 1991, rising by 6.6% in February alone.
  • The government's measures to control inflation have failed, including a temporary freeze on the cost of more than 1,700 goods.
  • Central bank money-printing and Russia's war in Ukraine are among the main factors causing soaring prices.
  • Inflation is a primary concern for Argentines ahead of a tough election challenge in October.
  • The IMF has called on Argentina to make stronger efforts to address inflation to keep its $44bn programme on track.
Argentina’s inflation rate tops 100% for the first time in three decades
Measures by ruling coalition have failed to tame surging prices that have damaged the South American country’s economy

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