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With 58% inflation, nobody in Argentina knows the price of anything

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Bloomberg/Patrick Gillespie/5-31-2022
“Consumers lose bearings with iPhone costing months of rent. From one store to another, prices swing wildly by 150% or more. When prices rise fast enough for long enough, consumers can lose any sense of what they should’ve been paying in the first place.”

USAGOLD note: A glimpse of economic reality once the wheels come off …… 

Argentina inflation rate
(%, year over year)
line chart showing Argentina's inflation rate 2009-May 2022
Chart courtesy of TradingView.com

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