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Last week the governor of the bank of France told us not to fret – inflation would be back to a comfortable 2% by the end of the year. Yet over the last year inflation has reached heights not seen for 40 years in the UK, where it is currently somewhere between 10% & 11%, Here in France, official figures suggest only half that figure, but that’s for the birds and if you are like me, you are really "feeling the pinch". Spare a thought therefore for Argentinians whose yearly inflation rate has risen to around 100%. That's prices doubling every 12 months. How do Argentinians cope with systematic price hikes? What does that mean on a day to day basis for the average person living & working in Buenos Aires? Today we find out as we talk to our colleague Victoria who is currently working in our office in the south of France.
Last week the governor of the bank of France told us not to fret – inflation would be back to a comfortable 2% by the end of the year. Yet over the last year inflation has reached heights not seen for 40 years in the UK, where it is currently somewhere between 10% & 11%, Here in France, official figures suggest only half that figure, but that’s for the birds and if you are like me, you are really "feeling the pinch". Spare a thought therefore for Argentinians whose yearly inflation rate has risen to around 100%. That's prices doubling every 12 months. How do Argentinians cope with systematic price hikes? What does that mean on a day to day basis for the average person living & working in Buenos Aires? Today we find out as we talk to our colleague Victoria who is currently working in our office in the south of France.