BUENOS AIRES - The inflation rate in Argentina has soared past 100% for the first time since the end of hyperinflation in the 1990s.

The country’s data agency said inflation hit 102.5% in February, meaning the price of many consumer goods has more than doubled since 2022.

The news is “another blow” for President Alberto Fernández, said the Buenos Aires Times, after he struggled to “tamper down” inflation since taking office in December 2019.

Argentina has been in economic difficulty for several years.