Argentina is experiencing a collapse in domestic demand amid record inflation
Argentina has recorded a sharp decline in domestic demand, similar to the level during the COVID pandemic. Inflation in the country has exceeded 101% since the beginning of the year, and the annual rate has reached 209%. According to the National Institute of Statistics, monthly inflation was 3.5% in September.
Argentina is experiencing a collapse in domestic demand comparable to the crisis of the COVID pandemic. Since the beginning of the year, inflation in the country has exceeded 101%, and in September prices increased by 3.5% per month and by 209% year-on-year. This economic situation puts serious pressure on consumption, which raises concerns about the further development of the crisis in the country.
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