Argentina's Inflation Soars to 211%, Highest in Decades

President Milei Implements Austerity Measures Amid Rising Food Prices

Argentina's annual inflation rate has surged past 211%, the highest level since the early 1990s.
Newly elected President Javier Milei is implementing tough austerity measures to combat hyperinflation.
Argentina's monthly inflation rate hit 25.5% in December, slightly below forecasts.
Food prices are rising particularly fast, making it difficult for citizens to afford basic staples.
Despite the economic situation, investors appear to be not too concerned with the economic situation in Argentina.