this post was submitted on 14 Dec 2024
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[–] yesman 14 points 3 days ago (1 children)

Inflation, Argentina’s perpetual scourge and Milei’s top priority upon coming to office, slowed from a monthly rate of 25.5% in December 2023 to just 2.7% in October — its lowest level in three years.

Why is Argentina's inflation measured monthly when the annual figure is the usual standard? Several outlets have reported this figure for almost a month now and I'm starting to wonder if this is just a case of reporters printing what the politicians say verbatim, or intentionally trying to mislead. Argentina's annual inflation rate is 166% as of November (https://tradingeconomics.com/argentina/inflation-cpi)

[–] [email protected] 3 points 3 days ago* (last edited 3 days ago)

Looking at the 5 year chart on that link doesn't make it look like Milei has improved things, that's for sure.