The above graph shows the inflation rates in Argentina from 1961 to 2010. As it demonstrates, inflation peaked in 1989 and reached a low point of -1.17 in 1999.
The peso fell dramatically at the end of 2002, and the inflation rate in that year was 26 per cent.
Inflation increased during the administration of Nestor Kirchner between 2003-2007.
While the economy has rebounded strongly from the 2009 recession, the government's continued reliance on expansionary fiscal and monetary policies risks exacerbating already high inflation; as of today, the inflation rate is at 9.7.