Soaring Inflation Causes Havoc in Argentina!

Argentina’s inflation rate has soared past 100% for the first time since the hyperinflation of the 1990s. This means that costs of some consumer products have doubled over the last year.

According to Argentina’s media, recent inflation increases have been caused by increases in the price of meat. Adverse weather conditions have effected crops and livestock.

While Argentina’s government has tried to stop price increase, political divisions have marred responses.

Here is some useful vocabulary to help you understand Argentina’s record breaking inflation rate!

Vocabulary From The News!

To Soar

To soar /sɔːr/ – to rise very quickly to a high level

Argentina’s inflation rate has soared past 100%


Hyperinflation /ˌhaɪ.pə.rɪnˈfleɪʃ.ən/ – the price of everything in a national economy goes out of control and increases very quickly

It is the first time since the end of hyperinflation in the early 90s



Consumer /kənˈsjuːmər/ – a person who buys goods or services for their own use

The price of many consumer goods has more than doubled since 2022

To stem

To stem /stem/ – to stop something unwanted from spreading or increasing

Argentina’s government has been trying to stem price rises by capping the prices of food and other products



Hike /haɪk/ – an increase in the cost of something, especially a large or unwanted increase

Argentinian media said that this latest increase in inflation could partly be due to a sharp hike in the price of meat


Adverse /ˈæd.vɜːs/ – having a negative or harmful effect on something

Adverse weather conditions have seriously impacted livestock and crops


To mar

To Mar – to spoil something, making it less good or less enjoyable

Divisions in Argentina’s government have marred the country’s economic policy

At odds

At odds – in disagreement

President Alberto Fernández is said to be at odds with his deputy Cristina Fernández de Kirchner over how to solve Argentina’s problems

How is inflation in your country right now?

Try using this vocabulary to make some sentences in the comments!

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By Tom Wilkinson

Host and founder of Thinking in English, Tom is committed to providing quality and interesting content to all English learners. Previously a research student at a top Japanese university and with a background in English teaching, political research, and Asian languages, Tom is now working fulltime on bettering Thinking in English!

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