Citizens of Argentina face an extremely high rate of annual inflation, which was 104,3 percent in March.
According to estimates, food prices rose by 7,5 percent in April, and analysts believe that the inflation rate in Argentina will rise to around 130 percent by the end of the year, reports Biznis.ba.
Data from the Argentine National Agency for Statistics and Census (INDEC) show that inflation in April last year was 58 percent, and already in September it rose to 83 percent, while in December it was 94,8 percent.
Inflation skyrocketed at the beginning of this year as well, and every fourth citizen of Argentina fell into poverty due to rising prices and currency devaluation.
The difficult economic situation was further complicated by the drought that hit this South American country last year and significantly affected the export of soybeans, corn and wheat.
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