Argentina's Inflation Rate Surges 27.15% in June

Breaking News

Argentina's inflation rate surged to 27.15% in June, marking the second month of disinflation after eleven consecutive months of increases. This is the highest inflation rate since October 2002, when the country was in the midst of a severe economic crisis.

Causes of Inflation

The surge in inflation is due to a number of factors, including the government's decision to devalue the peso, rising energy prices, and supply chain disruptions caused by the COVID-19 pandemic.

Impact on Argentina's Economy

The high inflation rate is having a devastating impact on the Argentinian economy. It is eroding the value of savings, reducing purchasing power, and making it difficult for businesses to plan for the future. The government is facing pressure to take action to address the situation, but it is unclear what measures will be effective.