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TUESDAY, JUNE 24, 2025
Argentina's world cup yet again overlaps with high inflation

Inflation

TBS Report
18 December, 2022, 10:55 am
Last modified: 19 December, 2022, 02:52 pm

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Argentina's world cup yet again overlaps with high inflation

TBS Report
18 December, 2022, 10:55 am
Last modified: 19 December, 2022, 02:52 pm
Illustration: TBS
Illustration: TBS

Skyrocketing inflation is one harsh reality that remained constant with Argentina that the current team and the victorious squads of 1978 and 1986 had to endure along with their countrymen.

As the Argentina team prepares for Sunday's World Cup final, annual inflation in the country is projected to reach 99% this month and economists expect it to top three figures soon, Bloomberg reported.

When Diego Maradona led the albiceleste to the 1986 title, inflation averaged 116% that year. In 1978, when Argentina won the tournament it hosted, the rate was 176%, according to central bank data and surveys. 

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Lionel Messi, born a year after the 1986 title and regarded by the fans as the heir to Maradona's legendary status, will make his last World Cup appearance against France. Inspired by their talisman, the team's run to the final match — from avoiding early elimination to posting five straight wins — has elated a nation once again enduring hard economic times. 

However, this constant economic feature of the country is not an indicator of the country's World Cup success. The team lost the 1990 final with hyperinflation of around 2,000% at the time. When it lost the 2014 final, the official rate was only 22% but the suspicion was that the government manipulated the data. 

Messi and Argentina face off against Kylian Mbappé and France at the Lusail stadium in Qatar on Sunday 9am Bangladesh time.

Top News / World+Biz / Global Economy

Argentina / Argentina economy

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