Argentina's Inflation Rate Surpasses 100% Mark, Prompting Rate Hike Consideration.
Argentina's inflation rate hit 102.5% in February, making it the fifth country to experience triple-digit inflation. The prices of many consumer goods have doubled over the course of a year, despite state price controls put in place. The situation is allowing "outsider candidate" Javier Milei to make headway ahead of October elections in which President Alberto Fernández will try to hang on to his seat.