JUST

Yuan

Massa

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 <p>According to the latest statistics, as the world continues to fend off global <a rel="noopener noreferrer nofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a>, <a rel="noopener noreferrer nofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> in Argentina is soaring, rising 143%. The country’s economic state is in a crisis, rising to the highest level of <a rel="noopener noreferrer nofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> in over 30 years. On top of this, Argentina has an upcoming election that will dictate the future of its government and potential economic decisions.</p>
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    <p lang="en" dir="ltr">JUST IN: 🇦🇷 Argentina's <a rel="noopener noreferrer nofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> <a rel="noopener noreferrer nofollow" title="rises" href="https://thebittimes.com/tag/rises.html">rises</a> to 143%.</p>— Watcher.Guru (@WatcherGuru) November 13, 2023
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 <p>Consumer prices rose 8.3% in October on a monthly basis in Argentina. In addition, annual inflation accelerated to 142.7%,&nbsp;in comparison to last year. Official government data published Monday shows that despite the large number, this was still below projections.</p>
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 <p>Argentines will choose their next president on Nov. 19 in a runoff vote between Economy Minister Sergio Massa and libertarian outsider Javier Milei. Whoever is elected as the next president of Argentina, their biggest concern right away will be how to combat this growing <a rel="noopener noreferrer nofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp" alt="argentina flag brics" class="wp-image-113039" srcset="https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 1024w, https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 300w, https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 768w, https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 380w, https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 550w, https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 800w, https://cdn.thebittimes.com/images/2023/11/14/e570fa25c30ab72b2655bb1d030ad738.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>New forecasts aren’t much better for the South American country. Economists project that annual <a rel="noopener noreferrer nofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> will be near 200% over the next 12 months. That is according to the average forecast from the central bank’s last monthly survey.</p>
 <p><strong>Also Read: BRICS: Argentina Ditches US Dollar For IMF Payment, Pays Chinese Yuan</strong></p>
 <p>Furthermore, with BRICS membership also still in the balance, the currency of Argentina is also up in the air. Currently, the country has been processing global trade with the Chinese Yuan, however, de-dollarization is a split subject amongst the candidates. All eyes will be on the outcome of the election to determine the economic future of Argentina.</p>
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  <li>ARGENTINA</li>
  <li>inflation</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/argentina-s-inflation-rises-to-143-tbt70139.html">https://thebittimes.com/argentina-s-inflation-rises-to-143-tbt70139.html</a></p>

Argentina's inflation rises to 143%

TheBitTimes

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