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(单词翻译:双击或拖选)
High Inflation1 Forces Hard Choices on Argentines
Argentina reported a monthly inflation rate of 7.4 percent in the month of July, the highest number in about 20 years.
The country's consumer prices have increased 71 percent over the past year, the national statistics2 agency, called INDEC, said recently.
The latest numbers put Argentina among the countries with the highest inflation rates in the world.
The effects of inflation are clear in Villa3 Fiorito, around 15 kilometers from downtown Buenos Aires. There, unemployed4 women gather in the hopes of exchanging goods for food. Such exchanges that do not involve money are known as bartering5.
Every afternoon, women set up their blankets and lay out their goods, including clothes and toys. Their hope is to exchange the goods for food to feed their families.
The economic problems are likely to get worse before they get better in Argentina. Experts predict that inflation for the whole year will likely reach 90 percent or higher.
Thirty-one-year-old Soledad Bustos sets up shop in the Villa Fiorito fair every afternoon while one of her children is in school and another is under the care of her sister.
The money is not enough
Bustos offers clothing like jeans, leather boots, sneakers and shirts that she either took out of her own home or bought through the social media service Facebook. In exchange, she asks for powdered milk.
"I can't get to the end of the month, the money isn't enough," Bustos, a single mother, said.
Bustos is unemployed and says she receives around $255 a month from the state. That amount is not enough to feed her family.
Bartering events started spreading in Argentina after the economy collapsed6 in 2001. But such events have increased in recent years as the inflation rate has remained high.
"This is living hand-to-mouth," said María Inés Pereyra, 48, the organizer of the event that runs Mondays through Saturdays. "Whatever they obtain today they take it straight to the dining table."
For safety reasons, only women can take part in bartering. Most of the exchanges have already been previously7 arranged on Facebook or WhatsApp.
Although there is no set value for the used goods, Pereyra set a top price of $2 for each piece of clothing.
As an example, she pointed8 to a pair of leather sneakers that could be traded for a packet of sugar, cooking oil, flour and a local tea.
Fernández's administration has blamed the high inflation rate in July on a currency crisis9 caused by "speculative10 movements that tried to generate11 a crisis of uncertainty12 and push a devaluation," Gabriela Cerruti, the government's spokeswoman, said recently.
Cerruti's statement came before the inflation rate was released.
The increase of the country's already high inflation rate comes shortly after the government had three economy ministers within one month.
Experts and members of Fernández's administration expect the August inflation rate to be similar to July. That is because of increases in prices for public transport and energy.
In Villa Fiorito, Bustos said she and her fellow barterers are centering their efforts on "surviving."
Words in This Story
consumer – n. a person who buys goods and services
blanket –n. a covering made of cloth that is used especially on a bed to keep you warm
fair – n. an event at which different things (such as crafts or food) are sold or traded
obtain – v. to gain or get (something) usually by effort
speculative – adj. involving financial risk : of or relating to financial activity that could result in either a large profit or a large loss
generate – v. to produce (something) or cause (something) to be produced
devaluation –n. (finance) the act of lowering the value of a country's money so that it is worth
1 inflation | |
n.胀大,夸张,通货膨胀 | |
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2 statistics | |
n.统计,统计数字,统计学 | |
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3 villa | |
n.别墅,城郊小屋 | |
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4 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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5 bartering | |
v.作物物交换,以货换货( barter的现在分词 ) | |
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6 collapsed | |
adj.倒塌的 | |
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7 previously | |
adv.以前,先前(地) | |
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8 pointed | |
adj.尖的,直截了当的 | |
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9 crisis | |
n.危机,危急关头,决定性时刻,关键阶段 | |
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10 speculative | |
adj.思索性的,暝想性的,推理的 | |
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11 generate | |
vt.生成,产生(光、热、电等)导致 | |
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12 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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