On December 16, local time, the Argentine government announced that 11 provinces in Argentina had declared a state of economic emergency. This is one of the adjustments made by various provinces after the new Argentine government announced the New Economic Deal on the 12th.
 
At the same time, we have reached an agreement with a number of meat manufacturers and sales companies to limit the prices of five types of meat during the holiday season at the end of the year. According to local media reports, major supermarkets may sell some meat products at prices 40% lower than the market price. Since December, meat prices in Argentina have risen by about 50%.
 
The owner of a grocery store said that the prices of many things now vary from day to day. Some factories that previously supplied her have closed down, and his business has also plummeted.
 
According to Reference News Network on December 14, citing a report on the website of Spain’s El Pais on December 13, after the Milais government announced measures to devalue the peso, prices in Argentina soared. According to reports, the Milais government has begun a "heart-opening" operation on the Argentine economy. After 24 hours, the most obvious consequence was that prices rose rapidly.
 
Economists agree that the current situation is severe and fiscal adjustments are needed, but there are still some differences on what measures to take to adjust.
 
Economists warn that the direct consequence of these measures will undoubtedly be a sharp rise in inflation. Argentina's inflation rate in November was 12.8%, and the year-on-year inflation rate exceeded 160%, but these figures are far from enough to explain the current situation.