Argentina Faces Highest Inflation in Over 30 Years
• Argentina's annual inflation rate hit 211.4% in 2023, the highest in 32 years
• Monthly inflation was 25.5% in December, slightly below the government's forecast of 30%
• President Javier Milei implemented painful economic adjustment measures aimed at preventing hyperinflation
• Food and medicine prices rose nearly 30-40% on average in December
• Economists project inflation may slow slightly in early 2024 but will remain very high in the near-term