argentina 589442

This has not been the case for three decades – Inflation in Argentina is more than 100 percent

According to official government data, the 12-month inflation was 102.5 percent in February, and the consumer price index showed a larger than expected 6.6 percent monthly increase and a 13.1 percent annual increase.

The Argentine government is trying to increase domestic supply with programs aimed at limiting prices and restricting grain exports.

Cover photo: Pepe Mateos/picture alliance via Getty Images