Argentina's annual inflation rate has hit triple digits for the first time since the period of hyperinflation in 1991, according to the country's statistics agency. The inflation rate climbed up to 104.3% in March, which not only puts a strain on consumers but also stokes the cost-of-living crisis that has been pushing poverty up. Analysts had forecast a 7.1% monthly rise in March, but it actually stood at 7.7%, marking the fastest increase since 2002. The country, which is a major exporter of grains, is also dealing with one of its worst droughts, which has caused the soy, corn and wheat crops to fall considerably.