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Argentina turmoil sparks panic buying and price hikes

A political crisis in inflation-ravaged Argentina that was sparked by the economy minister’s resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars.
“Every day it’s like going out to hunt a lion,” Luis Sacco told reporters in front of his electronics store in the capital, Buenos Aires.
Since Monday, prices have risen dramatically at shops and businesses across the country.
On Saturday last week, economy minister Martin Guzman resigned following months of pressure from inside Argentine President Alberto Fernandez’s center-left Frente de Todos (Everyone’s Front) governing coalition.
Guzman was the chief negotiator ....

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Buenos Aires Times | Nervous buying and price hikes in Argentina amid inflation fears

Economic turmoil has provoked a wave of fear, triggering a surge in the value of the dollar on Argentina's parallel exchange markets and a sharp rise in prices. ....

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Buenos Aires Times | Argentina remains hooked on 'dollar-dependence'

Argentines do their accounts in dollars, traumatised by recurrent economic crises and tormented by the inflation that is eating away at their pockets and is projected to exceed 60% this year. ....

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Buenos Aires Times | Forty years on, Malvinas claim remains as fresh as ever

As the country prepares to commemorate the 40th anniversary of the 1982 South Atlantic War, the islands remain fresh in every Argentine’s mind. ....

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Buenos Aires Times | Global grain shortage an opportunity for Argentina's 'green gold'

Soybean harvest will be smaller than last year, but it will bring in record prices as a result of Russia's attack on Ukraine. Agro-industrial exports could reach as high as US$41 billion this year, according to experts. ....

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