A daily struggle to beat inflation


  • Focus
  • Wednesday, 13 Dec 2023

A food market in the Almagro neighbourhood of Buenos Aires, Argentina. In Buenos Aires, the prices are often written in chalk to allow for frequent increases. — ©2023 The New York Times Company

MARCELO Capobianco was inspecting the calf carcass he had just hung from a hook in his small butcher shop outside Buenos Aires recently when he admitted that the premium-grade beef would hardly earn him anything.

That’s because since his preferred candidate, Javier Milei, won Argentina’s presidency two days earlier, the cost of the meat had jumped by 5%, while the street value of the Argentine peso had fallen by 12%, hurting his customers’ purchasing power.

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