Very soon stories like this will be reported from all across the world and not just from Argentina and Venezuela. The M1 monetary supply for most of the fiat currencies have increased by manytimes during the last few years. Governments have used COVID as an excuse to print as much money as possible. What we are witnessing now is just the tip of the iceberg. Single digit inflation will soon become a thing of the past and rates of 15%-20% won't be surprising to anyone in the next few years.