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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH Americas SUBSCRIBE FOR $1/WEEKLog in Saturday, December 23, 2023 Today’s Paper SUBSCRIBE FOR $1/WEEK Global Economy * How Russia Flouts Tech Bans * Attacks on Ships in Red Sea * The Enormous Debt Problem * A Warning From the World Bank Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT UNDER ARGENTINA’S NEW PRESIDENT, FUEL IS UP 60%, AND DIAPER PRICES HAVE DOUBLED Javier Milei warned that things would get worse before they got better. Now Argentines are living it. * Share full article * * * Read in app Protesters at Plaza de Mayo Square on Wednesday in Buenos Aires during the first demonstration against the new government of President Javier Milei.Credit...Luis Robayo/Agence France-Presse — Getty Images By Daniel Politi and Lucía Cholakian Herrera Reporting from Buenos Aires Dec. 23, 2023Updated 3:23 p.m. ET Leer en español Get it sent to your inbox. Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the zucchini he puts in salads rose 140 percent. An Uber driver paid 60 percent more to fill her tank. And a father said he spent twice as much on diapers for his toddler than he did last month. In Argentina, a country synonymous with galloping inflation, people are used to paying more for just about everything. But under the country’s new president, life is quickly becoming even more painful. When Javier Milei was elected president on Nov. 19, the country was already suffering under the world’s third-highest rate of inflation, with prices up 160 percent from a year before. But since Mr. Milei took office on Dec. 10 and quickly devalued the Argentine currency, prices have soared at such a dizzying pace that many in this South American country of 46 million are running new calculations on how their businesses or households can survive the far deeper economic crunch the country is already enduring. Subscribe to The Times to read as many articles as you like. A version of this article appears in print on Dec. 24, 2023, Section A, Page 6 of the New York edition with the headline: Under New President, Argentines Walloped by Eye-Watering Inflation. Order Reprints | Today’s Paper | Subscribe * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2023 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options