vga@sopuli.xyz to World News@lemmy.worldEnglish · 4 days agoArgentina inflation tumbles to five-year-low 1.5% in boost for Mileiwww.reuters.comexternal-linkmessage-square6linkfedilinkarrow-up148arrow-down13
arrow-up145arrow-down1external-linkArgentina inflation tumbles to five-year-low 1.5% in boost for Mileiwww.reuters.comvga@sopuli.xyz to World News@lemmy.worldEnglish · 4 days agomessage-square6linkfedilink
minus-squareTroy@lemmy.calinkfedilinkEnglisharrow-up33·4 days ago1.5% per month. Don’t compare directly to your home country’s annual inflation yet. Unless you’re Turkey or Russia.
minus-squareHumanius@lemmy.worldlinkfedilinkEnglisharrow-up15·edit-24 days agoConverting that to a yearly inflation figure: 1.01512 =~ 1.196 So about 19.6% yearly, assuming it will stay at 1.5% monthly for the next year. By Argentinian standards that is honestly not too bad
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·4 days agoCan’t raise prices if nobody has any money 😎
minus-squarevga@sopuli.xyzOPlinkfedilinkEnglisharrow-up3·edit-24 days agoYeah, it was 25% per month when Milei was elected and been going down ever since almost every month. Whether it’s thanks to or despite him is a more difficult question of course.
1.5% per month. Don’t compare directly to your home country’s annual inflation yet. Unless you’re Turkey or Russia.
Converting that to a yearly inflation figure:
1.01512 =~ 1.196
So about 19.6% yearly, assuming it will stay at 1.5% monthly for the next year.
By Argentinian standards that is honestly not too bad
Can’t raise prices if nobody has any money
😎
Yeah, it was 25% per month when Milei was elected and been going down ever since almost every month. Whether it’s thanks to or despite him is a more difficult question of course.