Inflation in Argentina soared to 6.7% in March, as reported this week by the INDEC (National Institute of Statistics and Census), representing the highest increase in 20 years. So far in 2022, the South American country has already accumulated a CPI variation rate of 16.1%.
At the same time as the price increase, the blue dollar (unofficial, black market rate) fell to $195 pesos per dollar at the time of this publication from the maximum peak of $222.5 pesos on Jan. 27, 2022. In parallel, the official, state-regulated dollar is trading at $112.92.
Argentina’s inflation is the result of the large monetary spending the country is doing …
