Argentine President Alberto Fernandez called on his government to implement “all necessary measures” to combat 52% inflation that’s been aggravated by the surge of global commodity prices due to Russia’s invasion of Ukraine.
In a somber, 18-minute speech, Fernandez said his ministers would start rolling out new measures as of Saturday without providing specifics. Earlier in the week, he declared a “war on inflation” shortly before data posted Tuesday showed prices accelerating for a third straight month in February.