View Single Post
Old 11-22-2012, 07:27 AM   #43
sosa09's Avatar
Join Date: Sep 2009
Location: tucuman , argentina
Posts: 533

Originally Posted by paul_tennis View Post
You are correct formally hyperinflation means (at least) a rate of 50% a month.

Actually Argentina has an annual inflation rate of 25%, and currently is in the 4th place of the countries with more inflation in the world. Also comparing that rate with "neighbour" countries such as Brazil, Chile, Colombia, México and Perú that have an annual inflation around 3% to 5%, Argentina's inflation rate is 5 times bigger...
Well, so is not hyperinflation but there is a HIGH inflation... Its amazing how things are 5 times more expensive the next month, and the next, and the next
sosa09 is offline   Reply With Quote