Turning to bartering as inflation rages out of control

A woman pays with a 1,000 peso bill at a bakery, as the inflation rate in Argentina rises to 71%. Photo: dpa

While much of the world is discovering just what high inflation means, it’s nothing new for the people of Argentina.

Prices have rarely been stable in the South American country during the past 50 years. In the late 1980s, the inflation rate skyrocketed to a staggering 3,000%. Annual inflation has remained above 30% since 2018.