'Zero capacity to save': Argentines buckle under 103% inflation

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'Zero capacity to save': Argentines buckle under 103% inflation
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Argentines, painfully accustomed to decades of spiraling prices, say that the current 102.5%-and-climbing inflation rate is on another level and is making it almost impossible to get by.

"I try to think that someday we're going to be better off. But the inflation we're living with today in Argentina is terrible. It feels like never before."

The country, a major global grains exporter, is also grappling with one of its worst droughts in history, that has hammered soy, corn and wheat crops, knocking billions off the economy from lost exports and fanning domestic prices. Inflation will likely be one of the deciding issue for voters in the October elections, where libertarian economist Javier Milei has been gaining traction in the polls with his promises to break the status quo.

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