Image credit : Drazen _
Argentina ’ s economy hit by three-figure inflation
Buenos Aires , Argentina
Rows and rows of fully stacked shelves in a supermarket in Argentina . Consumer spending power is being seriously impacted by rising inflation , which in March topped 100 % for the first time since 1991 . Food and drink prices soared by nearly 10 % in a single month , while popular cuts of meat were 30 % more expensive . A severe drought affecting food crops is exacerbating the situation , leaving household budgets under severe strain . South America ’ s third most populated country has deep-seated and long-running issues with its economy , often described as being in “ perpetual crisis ” and where 40 % of people live in poverty .
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