A customer is served at a supermarket in Buenos Aires, during the coronavirus pandemic. | AFP
In the pasta factory founded by his parents in 1970, Arturo Cabarcos faces yet another economic crisis. Just in the first quarter of this year, cumulative inflation in Argentina reached 13 percent, spearheaded by food prices. We’ve been through many crises, with inflation and hyperinflation, but we’ll only be able to assess the dimensions of the ongoing crisis when it’s over, says Cabarcos, aware that inflation dissolves wages and subsidies [social plans], thus increasing poverty, which affects 42 percent of the population.
In the half-century since the La Imperial pasta factory was inaugurated in La Lucila, on the outskirts of Buenos Aires, inflation has been the most recurrent demon of the Argentine economy.
Buenos Aires Times | Argentina can t overcome its chronic inflation issue batimes.com.ar - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from batimes.com.ar Daily Mail and Mail on Sunday newspapers.