Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
Argentina’s inflation has slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei.
Note that this is monthly, not yearly as is usually reported for other countries. Argentinian inflation is not the same beast we're dealing with in most of the rest of the world. The yearly number is closer to 200% as reported by the article.
The article does say it is the inflation for the month of October. It literally says MONTHLY inflation.
The 200% is the YOY inflation, inter annual.
For context, 2023 we ended with 211% yearly inflation rate
It's evident that YoY inflation curve is going to overlap with this year's inflation.
YoY inflation reached its peak at about 289% and it's now at 193%, once we leave the 2023 inflation curve behind, that number won't matter anymore
For anyone interested, the current yearly inflation is at 107%
107%<211%
Inflation per month has decreased but also Argentina economy shrank by 1.7 percent and officially in a recession.
That's old information. With July, August and September data, we are out of the economic recession now.
It's a very modest growth, but it's there, without price controls, without printing money likey no tomorrow and more important, without 211% inflation over our shoulders
We also have a good growth forecast of between 4% to 6% for next year. Things are improving slowly but surely
I'm curious to see how this will affect him, American voters didn't care about the inflation rate they cared about inflation prices. How will Argentina voters react? Argentina better at informing their electorate as to the reality of situations? If they were I doubt he'd be in office.
American's were used to living in a low inflation environment. Argentinians have been living in a high inflation environment for decades.
I think Argentines are very suitable for giving lectures about inflation, rather than being dis(or mis)informed about it, given the circumstances
You'd be surprised.. people here are still surprised that food priced keep rising even tho inflation is less each month
I mean maybe people intuitively understand that when you press your breaks, the car won't stop instantly
And apply that analogy to that of inflation rato slowing, but always positive until full stop
But not all people, even less the opposite party
What do you mean by “inflation prices”?
Some people expect prices to go down when inflation is “fixed” but that doesn’t happen.
Yeah, when you have full control of the economic levers of the state, you can make inflation whatever you want it to be... What that means for citizens and business owners is something else entirely.
Full Control? His party is minority on all the State houses AND the Economic Agent INDEC has for President someone designated by the opposition since YEARS ago
Proof?