Argentina exceeds in one month all the annual inflation of Spain

 Argentina exceeded in a single month, February, the inflation that Spain registered throughout the last year: 6.6% against 6.1%. With this data, released on Tuesday by the National Institute of Statistics and Census (INDEC), Argentina accumulated 102.5% inflation in the last 12 months.

It is the highest figure since 1991, the year in which, during the government of Peronist Carlos Menem, the Convertibility Plan was launched that equated the peso with the dollar and eradicated, for a decade, inflation in a country that is addicted to it. Thirty-two years later, another Peronist government, that of Alberto Fernández, shot inflation back to more than 100% annually.

Argentina's inflation is the second highest in Latin America, behind only Venezuela's 20.2% in February, which registers an annual rate of 537.7%.

The lack of control of prices is of such magnitude in Argentina, the third economy in Latin America, that the highest value note, one thousand pesos, is equivalent to 2.5 euros in the informal exchange market, or five in the official one.

Argentina supera en un mes toda la inflación anual de España | Economía (elmundo.es)