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
Good to see Argentina is heading on the right track.
Listening to Lemmy you’d think some guy with years of formal education in economics knows nothing about the economy.
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%
After All, Why Not? Why Shouldn’t I Keep It?
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.
You can’t compare inflation in Argentina and America.
It’s like being hot and being on fire.
It’s like being a global empire versus just trying to survive in the global south.
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
