Argentina

Argentina is a country with a troubled past. Years ago, it was renowned for its high inflation. In the early 1990s it reached an annual average of around 2600%. Today, although not hitting such overwhelming heights, it is still among the highest levels of inflation in the world at a comparatively modest but still crippling 98.4%. Countries such as the UK and the US have experienced higher than usual rates of inflation recently, but theirs is merely a fraction of that being experienced by Argentinians. How do the poorest manage, how can wages even begin to offset such high rates? I suppose some would say ‘they’re used to it’. But should they be?