Argentina’s Inflation Hits Highest Rate in 21 Years

INSUBCONTINENT EXCLUSIVE:
Censuses, or Indec, released these figures today.The inflation rate for that month stood at 12.4%
Healthcare costs went up by 15.3%
124.4% in August
(Photo Internet reproduction)To tackle this, the Central Bank raised the Leliq rate by 21 points
It went from 97% to 118% in August.BackgroundInflation is a key indicator of economic health
The country has struggled with high inflation for years, harming businesses and everyday people.The government has tried various methods to
control it
The late 1980s and early 1990s were particularly bad.Lessons from those times seem not to have stuck
issues
For real change, experts argue that broader economic reforms are essential.