US EditionArgentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
- Augustin Perez, a supermarket worker in Buenos Aires, expressed distress over a 90% rent increase and tripling electricity bill due to Milei's real estate market deregulation and subsidy cuts.
- Argentina's April inflation rate dropped to 8.8%, the lowest in six months, supporting President Javier Milei's austerity program amidst high inflation.
- Milei's measures were lauded by the IMF and market observers but caused a 289.4% annual inflation, burdening families as prices soared while incomes declined.
34 Articles
34 Articles
Analysts argue that the decline of the index is likely to continue, but more marginally. Four reasons why the rate of decline slows down.
Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months
The National Institute of Statistics and Census of Argentina (INDEC) announced on Tuesday that inflation in Argentina continued its downward trend in April, reaching an 8.8 percent rate that month and dropping to a single digit for the first time in six months. The post Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months appeared first on Breitbart.
Argentina reports its first single digit inflation in 6 months
BUENOS AIRES — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy. Prices rose at a rate of 8.8 percent last
Javier Milei celebrated the fall in inflation in Argentina in April, at 8.8 percent per month: 'We are leading. '
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