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BUENOS AIRES: Argentina's monthly inflation rate slowed down more than expected to come in at 13.2% in February, a boost for libertarian President Jav...

Sandra Boluch, a fruit and vegetable seller in Buenos Aires, is seeing a worrying trend as inflation soars over 250%: sliding sales and more people scavenging for what she throws away, hoping to find enough for a meal. The South American country is going through its worst economic crisis in decades, with the new government of libertarian Javier Milei trying to slay triple-digit inflation with tough austerity, a move that is boosting the state's finances, but is squeezing people hard. A report last month suggested poverty was nearing 60% from 40% a year earlier, putting pressure on Milei...

Argentina is going through its worst economic crisis in decades, with the new government of libertarian Javier Milei trying to slay triple-digit inflation with tough austerity

BUENOS AIRES -Argentina's monthly inflation rate slowed down more than expected to come in at 13.2% in February, a boost for libertarian President Javier Milei who is pushing tough austerity to try... -March 12, 2024 at 03:55 pm EDT - MarketScreener

BUENOS AIRES (Reuters) -Argentina's monthly inflation rate slowed down more than expected to come in at 13.2% in February, a boost for libertarian President Javier Milei who is pushing tough austerity to try to tame the world's fastest-rising prices. The still sky-high monthly rate, published on Tuesday, marks a deceleration from January, when prices rose 20.6%, and December, when they were up 25.5%. Analysts polled by Reuters had expected February's inflation rate to land at around 15%.