Argentina's government has announced that monthly inflation was 7.7% in March, up from 6.5% in the same month in 2022. This increase in inflation rates is a major concern for Argentinians as the country continues to struggle with a stagnant economy and political instability. The country's inflation rate remains one of the highest in the world, behind only Lebanon, Syria, and Zimbabwe.
The official poverty rate is also a major concern for Argentina, as it stands at 42%. This means that over 16 million people are living in poverty, making it difficult for them to access basic necessities such as food, shelter, and healthcare. The government has promised to address these issues, but little progress has been made.
Inflation jumped in Argentina more than expected as seasonal factors collided with the impact of a historic drought and government policies that have increased the cost of goods and services. The country's central bank has been raising interest rates in an attempt to curb inflation, but this has not been enough to bring inflation rates down.