Argentina slows peso crawling peg as inflation eases
75 Articles
75 Articles
In the first year of the term of ultra-liberal President Javier Milei, inflation in Argentina has almost halved.
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…
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…
The number represents a decline of almost 94 points compared to 21.4% in 2023
Argentina's Inflation Drops to 118% as Milei's Policies Take Effect
Argentina’s National Institute of Statistics and Censuses (INDEC) reported that inflation in December 2024 reached 2.7%, bringing the annual rate to 117.8%. This marks a significant decrease from the 211% inflation rate in 2023. President Javier Milei’s libertarian policies appear to be yielding results. Milei took office in December 2023 with a promise to tackle […]
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