Everything gets hugely expensive except liquor: Inflation in this country has surged to 109%
The largest weighted category in the country’s index, food prices, experienced a surge of 10.1% from the previous month. Clothing, restaurants, hotels, and home goods exceeded the headline rate. The only exception was alcoholic beverages, which saw monthly price rises of less than 5%.
Argentina’s inflation rate has surged past economists’ expectations, with consumer prices rising 108.8% from a year ago in April, according to government data. This is the highest annual level in three decades and comes as the peso continues to plummet amid devaluation fears, driving costs even higher.