Argentines faced a significant rise in inflation in December, with the consumer price index increasing by 25.5%, leading to an annual inflation rate of 211%. This surge occurred during President Javier Milei's first month in office as he implemented pro-market shock therapy to address the economic crisis left by his predecessor, Alberto Fernández. The government and analysts anticipated price hikes in essential goods as Milei attempts to stabilize the economy.

In December, Argentina experienced a significant surge in inflation, with the consumer-price index rising by 25.5%, leading to an annual inflation rate of 211%. This spike occurred during President Javier Milei’s first month in office as he implemented pro-market shock therapy aimed at reviving the struggling economy. The increase in prices for food, fuel, and drugs has further strained the financial situation for Argentines.

Javier Milei was sworn in as Argentina’s president, promising significant public spending cuts to address the country's severe economic crisis. The inauguration, occurring amid geopolitical turmoil, was attended by foreign dignitaries, including Ukrainian President Volodymyr Zelensky on his first trip to Latin America since the Russian invasion.

Javier Milei, who recently won the Argentina election with radical proposals such as abolishing the central bank, severing ties with China, and drastically reducing public spending, has adopted a more moderate tone as he prepares for his inauguration.

Argentines faced a significant surge in inflation in December, with food, fuel, and drug prices rising sharply during President Javier Milei’s first month in office. The consumer-price index increased by 25.5%, leading to an annual inflation rate of 211%, according to government statistics agency Indec. The new president's pro-market shock therapy aims to revive the struggling economy.

Javier Milei, a libertarian congressman, won the Argentine presidency with 56% of the vote against Economy Minister Sergio Massa's 44%, signaling a significant political shift for a country grappling with high inflation and increasing poverty.

Argentina is facing a severe economic crisis with triple-digit inflation, shortages of basic goods, and a lack of foreign currency reserves. The upcoming presidential election features libertarian outsider Javier Milei, who proposes dollarization to control inflation, and Economy Minister Sergio Massa, who is part of the ruling Peronist coalition. The next president will inherit significant economic challenges, including hyperinflation and a large debt to the International Monetary Fund. The crisis has led to widespread public dissatisfaction, with many turning to cryptocurrencies as a hedge against the devaluing peso.

Economy Minister Sergio Massa, the ruling party’s candidate, secured the most votes in the first round of Argentina's presidential election, surpassing libertarian economist Javier Milei. With 92% of votes counted, Massa received 36.3%, defying polls that had predicted Milei's victory. The two candidates will face off in a November runoff.

Argentina is facing its most severe economic crisis in a generation, marked by triple-digit inflation, shortages of basic goods, and disruptions in industrial production. The crisis has led to significant challenges, including grocery shortages, halted factory operations, and limited fuel availability. The upcoming presidential election will be crucial as the new leader will need to address these escalating economic issues.

Members of Argentina’s World Cup championship team planned a 50-mile victory lap through Buenos Aires to celebrate with fans. Millions of fans poured into the streets, causing the team to be airlifted from the celebration as the caravan slowed.

Amid one of the world's highest inflation rates and growing unrest, many Argentines, including Natalie Acosta, are struggling to afford basic necessities. However, for the past two weeks, the focus has shifted to Argentina's critical World Cup games, providing a temporary distraction from the economic turmoil.

Vice President Cristina Kirchner of Argentina was convicted of fraud and sentenced to six years in prison for embezzling funds through public-construction contracts. The court's decision also permanently bans her from holding public office, marking a significant development in a long-standing corruption case. This verdict is a setback for Argentina's leftist government, which is already dealing with severe economic challenges.

A federal court in Buenos Aires convicted Vice President Cristina Kirchner of fraud charges, sentencing her to six years in prison for embezzling money through public-construction contracts. The court also permanently banned her from holding public office, marking a significant development in a long-running graft case against one of Argentina's most prominent politicians. This verdict comes as the leftist government faces severe economic challenges, including soaring inflation.

Argentina has released five crew members of a cargo jet, including Iranians and Venezuelans, who were detained since June for an investigation into potential terrorism ties. A judge ruled there was insufficient evidence to charge them, despite claims from U.S. and Latin American officials that one of the pilots is a high-ranking member of Iran's Islamic Revolutionary Guard Corps.

Thousands of Argentines rallied in Buenos Aires and soccer matches were canceled to show support for Vice President Cristina Kirchner following a failed assassination attempt. A 35-year-old Brazilian man was arrested and charged with attempted aggravated homicide after he thrust a gun at Kirchner's face and pulled the trigger, though the weapon did not discharge and she was unharmed.

Argentine President Alberto Fernández appointed Silvina Batakis as the new economy minister amid rising inflation and a weakening currency, following the resignation of Martín Guzmán. Batakis, an economist aligned with the far-left faction of the ruling Peronist coalition, assumes the role during a period of significant economic instability, raising concerns about potential social unrest.

In Buenos Aires, the Perón-Perón bar-restaurant, located in the trendy Palermo neighborhood, is a tribute to the memory of General Juan Domingo Perón and his wife Evita. The establishment, opened by 42-year-old radio and television producer Daniel Nazero, is adorned with Peronist iconography and serves dishes with names that reference Argentine proletarian struggle. The restaurant also features a wine called El Justicialista, produced by Argentina's highly valued painter Helmut Ditsch. Nazero, a self-described classic Peronist, opened the restaurant to showcase the Peronist's appreciation for fine dining beyond political activism.