However, the Global MSCI Argentina ETF ARGT shows that a stock market can still move higher, despite the debilitating effects of rampant inflation. Click to get this free report YPF Sociedad Anonima (YPF) : Free Stock Analysis Report Macro Bank Inc. (BMA) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report Global X MSCI Argentina ETF (ARGT): ETF Research Reports To read this article on Zacks.com click here. Hyperinflation can lead to several economic challenges, such as reduced purchasing power of the domestic currency, lower consumer spending, and higher interest rates (tighter monetary policy).