Argentina's Inflation Soars to 30-Year High of 143% Annually Ahead of Presidential Election
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Inflation in Argentina hit 143% annually in October, the highest level since the country was exiting hyperinflation over 30 years ago.
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Consumer prices rose 8.3% monthly in October, slightly below September's figure and forecasts.
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Argentines will choose between Economy Minister Sergio Massa and libertarian Javier Milei for president on Nov. 19.
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Whoever wins will face major challenges tackling inflation, with forecasts of near 200% over the next 12 months.
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Argentina's dollar bonds fell after the inflation data was released, dropping to their lowest level in almost a week.