Prices are expected to soar following the 22% depreciation of the peso

Total inflation for the first seven months hit 60.2%, breaking the government’s goal for price increases in 2023

The statement was taken as tacit endorsement of Monday morning’s devaluation and interest rate hike

The Central Bank also increased the interest rate by 21 percentage points

They announced a series of measures to be implemented in the week after the primaries

For the first time since February, the Economy Ministry did not offer US dollar-linked bonds

The informal dollar has jumped 21.6% in the last 30 days. Analysts say it is a reflection of the market’s uncertainty regarding the economy

The government raided informal dollar exchange houses known as ‘cuevas’

The official figure will be announced next Tuesday, following the primary elections