The previous leftist government had used complicated currency controls, consumer subsidies and other measures to inflate the peso’s official value and keep several key prices artificially low, including for gas, transportation and electricity.

Yea devaluing peso from 360 for a dollar to 790 for a dollar instantly meanwhile is such a big brain play.

there is no such thing as a 'natural' price. every price is artificial. OPEC is literally a cartel ffs. The concept of 'artificial' pricing is so libertarian brained.