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Just to be clear, that's monthly inflation, not annual. Annual is still 193%
by pgodzin 2y ago
Just to be clear, that's monthly inflation, not annual. Annual is still 193%
- defrost 2y agoExpanding on this, ("monthly rate" Vs "month by month projected annual rate" figures) "When he was elected" (December 2023) he came in on the November 2023 annual inflation rate of 160.9%. At the end of December 2023 the annual inflation rate was 211.4% From the AP News link: On an annual basis, inflation in October (2024) was 193% compared to 209% reported in September (2024). As a chart, see: https://tradingeconomics.com/argentina/inflation-cpi https://tradingeconomics.com/argentina/inflation-cpi and select time frame of interest, 1YR is tight, 3YR shows the rise and fall. The inflation rate is headed toward the 'low' of November 2023 but hasn't quite yet descended there yet.
- WalterBright 2y agoIt's been less than a year. Inflation lags deficit money creation by about 13 months.
- pgodzin 2y agosure, just wanted to point that out since someone who didn't read the article could have easily assumed that was an annual number, as in the US we are used to 2ish percent annual inflation being the target.