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Buenos Aires: Swapping Food for Clothes: Inflation in Argentina at 70 Percent

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Food Exchanged for Clothes: Inflation in Argentina at 70 Percent


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Inflation is over seven percent in Germany and ten times that in Argentina. Many are unable to make ends meet and society is divided.

If you want to survive, you have to get up early in the morning. Like father Damian and son Ricardo. They put on thick woolen hats and warm woolen jackets. “It’s cold in Buenos Aires this time of year,” says Damien, in the middle of a South American winter. “I don’t just mean the weather.” His family owns a small company, but business is poor. Inflation grips Argentina. For the past few months, Germans have known the bitter daily life of the people here. It has been going on for years, much worse – and more destructive. “We really only live from one day to the next,” says Damien, whose last name is irrelevant. “We ensure immediate conversion of daily income. In grocery stores and fruits.”

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