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Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
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Candidate
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| Contributor | RP |
| Last Edited | RP Dec 23, 2023 08:47pm |
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| Category | News |
| News Date | Sunday, December 24, 2023 02:45:00 AM UTC0:0 |
| Description | In Argentina, a country synonymous with galloping inflation, people are used to paying more for just about everything. But under the country’s new president, life is quickly becoming even more painful.
When Javier Milei was elected president on Nov. 19, the country was already suffering under the world’s third-highest rate of inflation, with prices up 160 percent from a year before.
But since Mr. Milei took office on Dec. 10 and quickly devalued the Argentine currency, prices have soared at such a dizzying pace that many in this South American country of 46 million are running new calculations on how their businesses or households can survive the far deeper economic crunch the country is already enduring. |
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