, with the currency surpassing the psychological barrier of 1,000 pesos per U.S. dollar earlier this week with less than two weeks before a crucial presidential election.
Inflation has sapped wages and savings and pushed two out of every five people in Argentina below the poverty line as the country prepares to vote in general elections scheduled for October 22 Argentina's monthly inflation rate stood at 12.7% in September, according to data from the country's statistics agency released Thursday, landing above a Reuters poll forecast of 11.5%. That brought the annual inflation rate to 138.3%.
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