Market News
BUENOS AIRES, Sept 13 - Argentina's annual inflation rate shot up to 124.4% in August after a sharp devaluation of the peso currency, with a 12.4% rise in the month the fastest since 1991, which is driving a painful cost-of-living crisis in the South American country.
"It's so hard. Each day things costs a little more, it's like always racing against the clock, searching and searching," said Laura Celiz as she shopped for groceries in Tapiales on the outskirts of Buenos Aires."You buy whatever is cheaper in one place and go to the next place and buy something else."
'PEOPLE ARE ANGRY' That's playing into a race towards presidential elections next month, with radical libertarian Javier Milei the shock frontrunner ahead of establishment candidates economy minister Sergio Massa and conservative Patricia Bullrich. "While the rest of the Latin American countries have single-digit inflation, Argentina is already in triple-digits."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Non-alcoholic drink market on the rise in Canada | Watch News Videos OnlineWatch Non-alcoholic drink market on the rise in Canada Video Online, on GlobalNews.ca
Read more »
Stocks slip ahead of Apple event, with inflation data in view: Stock market news todayUS futures dipped on Tuesday, as investors waited for Apple's highly anticipated fall event to kick off and counted down to key inflation data.
Read more »
Tech stocks fall as Oracle sinks, with Apple and inflation in focus: Stock market news todayStocks opened lower on Tuesday as investors waited for Apple's fall event to kick off and counted down to a key inflation data report.
Read more »
Stock futures dip in countdown to key CPI data: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Read more »
Stock futures stumble as CPI data comes in hot: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Read more »
Stocks rise after inflation data shows a reacceleration: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Read more »