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Economics

With 58% Inflation, Nobody in Argentina Knows the Price of Anything

  • Consumers lose bearings with iPhone costing months of rent
  • From one store to another, prices swing wildly by 150% or more
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Explain This: Inflation

When prices rise fast enough for long enough, consumers can lose any sense of what they should’ve been paying in the first place.

That’s an extreme case of what’s known in economics jargon as “unanchored expectations” –- and in Argentina, it’s the daily reality.