Argentina’s annual inflation has shot past 100 percent for the first time in three decades, with the country’s citizens finding it difficult to make ends meet due to the rising prices.
Twelve-month inflation for February came in at 102.5 percent, according to data (pdf) from the country’s statistics agency. This essentially means that the price of goods has more than doubled in the past year. This is the first time since a period of hyperinflation in 1991 that Argentina’s annual inflation hit triple figures. On a monthly basis, inflation rose by 6.6 percent from January. Year-to-date inflation was at 13.1 percent.
