The incredible figure of inflation in Argentina

According to the correspondent of Fars News Agency, citing Reuters, official statistics indicate that the inflation rate in Argentina reached 95% in December 2022 and the price of goods in this country has almost doubled compared to 2021.

In fact, the inflation rate in Argentina has reached the highest level in more than 30 years in recent weeks, and the purchasing power of the people of this country is decreasing every day.

In December, the average price of goods in Argentina has increased by 5.1% compared to November, and the National Statistics Office of this country has announced the twelve-month inflation rate ending in December 2022 at 94.8%.

This institution says: the rate of increase in the price of goods in Argentina has been at its highest level in the past 30 years, and in fact, the inflation rate of this country is at its highest point since 1991.

Argentina has one of the highest inflation rates in the world, and the ever-increasing increase in the price of goods has caused the shopkeepers of this country to continuously update the prices of their goods.

There is not enough money, the salaries are not enough, inflation is still rising and we started the new year with an increase in the price of bus tickets, clothes, and food, says an Argentinian while shopping at a store.

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