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BUENOS AIRES, Sept 13 - Argentines, up against painful annual inflation at 113% and rising, are running a daily gauntlet to find deals and lower prices as rapid hikes often leave big differences from one shop to the next, with scattered discounts to lure shoppers.
Her husband, Fernando Cabrera, 59, was doing sums on a calculator to compare fruit and vegetable prices.Argentina is caught in a cycle of economic crises, with a major loss of confidence in the peso driving steady depreciation, triple-digit inflation, negative central bank reserves and a flagging economy due to drought hitting farming.
And inflation itself could still get worse amid the election uncertainty, which has revived memories of hyperinflation from the 1980s among those who lived through it. Business owners, who themselves face a tricky cycle of wholesale prices rising before they've shipped merchandise and been able to restock, are also suffering from product shortages due to the uncertainty of inflation.
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Argentine shoppers face daily race for deals as inflation soars above 100%Argentines, up against painful annual inflation at 113% and rising, are running a daily gauntlet to find deals and lower prices as rapid hikes often leave big differences from one shop to the next, with scattered discounts to lure shoppers. the peso currency last month, are driving a cost-of-living crisis, have left 40% of people in poverty, and are stoking anger at the traditional political elite ahead of October elections. Her husband, Fernando Cabrera, 59, was doing sums on a calculator to compare fruit and vegetable prices.
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