Argentina slows peso crawling peg as inflation eases

Globo

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Inflation was below 3% for the third month in a row, allowing the president of Argentina to make the first change in his exchange rate policy. The challenge will be to achieve the floating exchange rate The Argentine central bank announced today that it will reduce the pace of the controlled devaluation of the Argentine peso from 2% to 1% per month starting in February. The decision was taken after the release of new inflation data showing a sta…

El Pais

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When Javier Milei assumed the presidency of Argentina in December 2023, inflation was around 12% and that month doubled. But from there, the drastic fiscal and monetary adjustment put in place by the new government led to a rapid slowdown. In December, prices rose by 2.7% compared to a month earlier and 117.8% in all 2024. The annual figure is one of the highest in the world, even above Venezuela, and would put any government in neighboring coun…

CartaCapital

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The number represents a decline of almost 94 points compared to 21.4% in 2023

abc

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It was the most anticipated data by the Argentine government since the beginning of the year and President Javier Milei was eagerly waiting for it: this Tuesday the last figure of inflation was announced , of December , that places it at 2.7% . Although there is a clear increase regarding the previous measurement - which indicated a 2.4% in November-, there is a sharp drop with respect to 2023 . From the Rosada House they celebrate it, in a stra…