2 ms·
First, it is important to highlight for people no familiar with Argentina that the current yearly "Milei" inflation is above 40% and it could be difficult to go
by wslh 2y ago
First, it is important to highlight for people no familiar with Argentina that the current yearly "Milei" inflation is above 40% and it could be difficult to go much below. This inflation takes into account a very basic basket. The current inflation is very high and the country is in a recession. This is just a macroeconomic measure beyond Milei and its legacy.
Then, sorry, you are mistaken about historical inflation rates and you can check that easily [1]. Comparing just one year of government inflation as a data point is not enough to extrapolate, and I haven't started talking about carry trade that gives investors more than 10% per month in USD. Last time that happened, just two governments ago and with
The same guy, there was a crash one day.
[1] https://tradingeconomics.com/argentina/inflation-cpi https://tradingeconomics.com/argentina/inflation-cpi