Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy.
Inflation before him was 10% monthly. On his first month in office, he raised it to 25% thanks to his measures. Second month 20%. Now, at 14%, we’re still 40% worse than the worst month of previous administration.
Prices are higher than the US or Europe now, while minimal wage remains unchanged at US$160. If he’s into something, it is something bad for sure.
Yup, it was clear from his policies that prices would go up initially, this is not surprising. The question remains if things will improve in the long run, and the article says that inflation is slowing, which was the goal. You just said it went 25->20->14, seems too early to judge where this goes.
Inflation before him was 10% monthly. On his first month in office, he raised it to 25% thanks to his measures. Second month 20%. Now, at 14%, we’re still 40% worse than the worst month of previous administration.
Prices are higher than the US or Europe now, while minimal wage remains unchanged at US$160. If he’s into something, it is something bad for sure.
Yup, it was clear from his policies that prices would go up initially, this is not surprising. The question remains if things will improve in the long run, and the article says that inflation is slowing, which was the goal. You just said it went 25->20->14, seems too early to judge where this goes.