Argentina – CPI 109% interest rates 97%

I blogged back in April about Argentina’s inflation rate and interest rates. Since then both inflation and interest rates have increased further – inflation 109 percent last month and this week the Argentine central bank increased interest rates to 97 percent. In this environment, paying for everyday needs becomes a constant worry and running a business especially challenging. Some good interviews with Argentinian business owners and the general population about the impact of inflation on their lives. Worth a look.