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
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%
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
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?
