Part 6/10:
The swift devaluation has triggered immediate inflationary pressures. Prices for essentials like meat have surged over 40%, and international travel costs have doubled. Businesses warn that prices are volatile, changing daily due to rapidly rising inflation. Consumer confidence is fragile, and the Argentine peso remains under intense downward pressure.
Economists predict that inflation could reach 40% monthly—a figure catastrophic for a population where nearly half already live in poverty and around 10% are destitute. The sharp rise in costs and decrease in purchasing power threatens to push the country even deeper into economic despair.