“Argentina Inflation Hits 79% Ahead of Likely Rate Hike”
September 15, 2022
“…Clothing prices rose 109% from a year earlier, while food costs increased by 80%. Worse may be to come, since the government raised regulated utility prices in September, which will have a knock on effect in several sectors…
Central bank officials are widely expected to raise borrowing costs this week. The monetary authority has started hiking more aggressively since Economy Minister Sergio Massa took over in early August. Keeping rates above inflation is also a key pillar of Argentina’s $44 billion program with the International Monetary Fund. The benchmark rate currently stands at 69.5%…”
https://news.yahoo.com/argentina-inflation-hits-79-ahead-191221191.html