Argentina's Inflation Rate Surges Past 100% Mark in 30 Years

Argentina's annual inflation rate hit 102.5% in February, the first time it has hit triple figures since a period of hyperinflation in 1991. The impact of rising prices is being felt keenly as one of the highest inflation rates in the world stretches people's wallets. The government has tried in vain to tame the rising prices, which dent people's earning power, savings, the country's economic growth and the ruling party's chances of clinging on to power in crunch elections later this year.