Argentina's annual inflation rate soared to 109% in April, the country's statistics agency said on Friday, smashing past analyst forecasts and stoking anger among hard-hit consumers who are increasingly having to skimp and save to get by.
The South American nation, an important grains exporter and the region's no. 2 economy, posted 8.4% monthly inflation in April, well above analyst forecasts of 7.5% and the highest in decades. That took the 12-month rate to an eye-watering 108.8%.
"One despairs because after working all your life, you have to fight just to get a tomato or a bell pepper," he said. "When I came last time , I paid 300 pesos a kilo for bell peppers - it's 300 pesos a half kilo now," said Olivia Maria Belbruno, 70, a retiree.
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