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.
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.
Argentina was once one of the richest countries in the world.
There are four kinds of countries: developed, underdeveloped, Japan, and Argentina.
American’s were used to living in a low inflation environment. Argentinians have been living in a high inflation environment for decades.
What do you mean by “inflation prices”?
Some people expect prices to go down when inflation is “fixed” but that doesn’t happen.
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.
I don’t like the guy’s political postures or his constant guzzling of Western cock but got to give credit where credit is due.
After All, Why Not? Why Shouldn’t I Keep It?
Yeah bro is an absolute madlad, that’s what we like about him