Argentines are looking for strategies to survive inflation above 100%
- March 14, 2023
- 0
Argentines go to food markets in search of lower prices, which allows them to avoid annual inflation 102%one of the highest rates in the world, which will affect
Argentines go to food markets in search of lower prices, which allows them to avoid annual inflation 102%one of the highest rates in the world, which will affect the presidential elections in October.
In a difficult financial situation, Argentina reported on Tuesday that the consumer price index (CPI) in February was 6.6% and for the year was 102.5%, exceeding 100% for the first time since the reporting period. hyperinflation since the late 1980s and early 1990s.
“Yes, I found out that this is 100% per annum and it’s impossible, impossible. Let everyone go like this. I’m tired of all this, of warring politicians and starving people. No more needed,” he said. Reuters Patricia Quiroga, a neighbor who looked up prices at a food fair in San Fernando, on the outskirts Buenos Aires.
Photo: Reuters
The annual inflation rate, released on Tuesday by the official statistics institute INDEC, is the highest since 115% recorded in September 1991.
High inflation, which ended in 2022 at 95%, despite the efforts of the government to limit it, pushed part of the population to poverty -above 40%-, in addition to creating a bad mood and extra effort among Argentines to make ends meet.
“There is no money, people don’t have it, but how to buy? The other day I came and told him: “Give me 3 tangerines, 2 oranges, 2 bananas and a pound of tomatoes,” said 74-year-old Irene Devita in market.
“When he told me it cost 650 pesos ($3.25), I told him, ‘Put everything away and leave me the tomatoes because I don’t have any more money,’” he added, describing the situation in which millions found themselves Argentines. daily.
According to polls, inflation is one of the issues that most worries the population and is likely to hurt the current Peronist administration in general election in October next year, for which the centre-right opposition would have had a better chance.
Reuters
Source: Aristegui Noticias
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