While this is very high, it’s still a huge improvement.
Best wishes to Argentina.Argentina is now ruled by a Trump-styled populist. You may have best wishes, but they aren’t going to be granted.
For things to improve, they still need a working economy, disregarding if it’s a left or right wing government.
Let me know when that happens. Because it isn’t even close to that yet. 276.4% inflation is not a working economy.
That was the previous government, The current government has reduced it first to about 8% last month, to now 4.4%.
The current administration took office in December, and obviously it takes time to make reforms. But president Javier Milei is an economist, so we can hope he can get that part working better than the previous government.But he is a populist as you wrote, and allegedly a libertarian, so I agree Argentina may be going from one evil to another.
It’s weird how South American countries often goes from one extreme to another?
You’re comparing month over month inflation to annual inflation, which is pretty dishonest.
I wrote month as the article states, you are the one who used old data from last year, which is either dishonest or ignorance.
The fact is the inflation is now dropping under this new administration. If it’s about 50% per year, it’s still a heck of a lot better than 276% it was before.
I hope it improves further, and with changes that are so dramatic, you have to use m/m.4.4% month over month is about 68% year over year if it stays that way which is still significantly better. The president is a piece of shit but he is indeed getting inflation under control. Unfortunately poverty and unemployment are definitely going to shoot up and I don’t foresee Milei giving a shit and trying to ease peoples’ burdens. I wish every president arrive Kirchner hadn’t done their damnedest to hide the real inflation rate. The central bank has not given any real numbers for well over a decade.
4.2 % m/m? Mass percent (mass/mass)? What does that mean in this context?
Month over month
Ahhhhhh, thank you. So still kind of a lot of inflation then.
Yes, what is being celebrated here is the down trend, which is fantastic and kind of new for us here
Inflation in the 12 months through May, meanwhile, landed at 276.4%, also below a poll forecast of 279.4%.
Makes sense, as inflation goes lower, that the current annual inflation curve will stop overlapping with the past year one, which was 211% annual
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That’s a really big reduction. Won’t be over soon but it sounds like they’re getting on the right path economically.
Great to see progress being made.
