Argentina’s inflation surged to 138% ahead of presidential election

Argentina’s inflation surged to 138% ahead of presidential election Inflation in Argentina has jumped to its highest level in three decades, underlining the scale of the economic crisis the winner of the country’s presidential election will face. Consumer prices rose 12.7% in September from a month earlier, above economists expectations for 11.5% and the second straight double-digit monthly increase. From a year ago, inflation accelerated to 138.3%, the highest level since the early 1990s when Argentina was exiting hyperinflation. Amid this Argentina’s central bank raised the country’s benchmark interest rate to 133% from 118%. The impact of inflation was exacerbated by the government’s nearly 18% devaluation of the peso in mid-August, which coincided with the central bank’s previous interest rate hike from 97% to 118%.🇵🇸 Hamas propaganda video on how tandem RPG ammunition is collected and how it is used. Источник: Lord Of War