BUENOS AIRES, Argentina (AP) — Consumer prices in Argentina soared 12.4% in August, compared to the previous month, the highest rate since February 1991, a number that puts the government on the defensive a little more than a month before presidential elections in which a right-wing populist who admires Donald Trump appears the favorite to win. Argentina’s annual inflation rate rose to 124.4%, according to figures released by the government’s INDEC statistics agency Wednesday. Argentina has been
BUENOS AIRES, Argentina — Consumer prices in Argentina soared 12.4% in August, compared to the previous month, the highest rate since February 1991, a number that puts the government on the defensive a little more than a month before presidential elections in which a right-wing populist who admires Donald Trump appears the favorite to win.
“It’s the number that summarizes the tragedy left by Massa,” Patricia Bullrich, the presidential candidate for the main opposition coalition, wrote on social media after the inflation number was released. Inflation in August was particularly high for food items, which increased 15.6% from July with the price of some beef cuts soaring by as much as 40%, according to INDEC.The price of beef to consumers increased between 40% and 70% since July, according to Diego Ponti, a livestock analyst for AZGroup, a local consultancy.
Around him supporters who treat Milei like a rockstar expressed anger at the current political leadership.
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