On March 15, 2022, with a monthly rate of 4.7%, Argentina’s President Alberto Fernández declared that a “war on inflation” had begun. Twelve months on, price hikes are running above 6% every month, with an annualised rate standing at 102.5%.
Consumer prices in Argentina rose at the fastest pace in more than three decades in June, with worse expected after the economy minister quit this month.
After a weekend of fury, a newly reconfigured power structure has been put in place that promises to keep us on our toes, with the vice-president continuing to gain territory.