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Argentina reeling from inflation

2022-05-01T19:54:14.525Z

REPORT - Soaring cereal prices benefit the country, a major exporter, but penalize the population, affected by the rise in prices.



Buenos Aires

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Taken aback by the amount the baker has just told her, Daniela Oliveira glances at the prices written in chalk in the window.

“Ah yes, indeed…”,

loose this mother of family by opening her purse.

In this bakery in the Chacarita district of Buenos Aires, a kilo of bread currently costs 320 pesos (2.60 euros at the official exchange rate), 20% more than in February.

“When I started working here two years ago, we updated prices twice a year,

says Cecilia Villafane behind her counter.

Now it's every two months!"

And Daniela ironically:

“By force, we end up being champions in mental arithmetic.”

See also

Argentina's economy minister: "Argentina needs more time to repay"

Argentines have learned to live with galloping inflation: 36% per year on average over the past ten years according to World Bank data, 55.1% for one year.

The war-induced inflationary spike in Ukraine shattered a twenty-year-old record: In March alone, prices jumped…

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Source: lefigaro

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