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Argentina's inflation rate has recently dropped to single digits, but according to Reuters residents remain skeptical about the government's ability to sustain this improvement. Inflation has been a persistent issue in Argentina, with rates soaring above 100% annually, causing significant economic hardship and eroding public trust in governmental measures to control prices.
Despite the recent decrease, the long history of high inflation and economic instability in Argentina makes the population cautious. Many Argentinians have experienced previous short-lived periods of inflation control that were followed by sharp increases.
