US EditionArgentina inflation tops 160% spotlighting challenge for Milei
- Argentina's consumer price index rose by 160.9% year-on-year in November, with a 12.8% increase in just one month.
- President Javier Milei aims to tackle high inflation by implementing a shock fiscal plan and reducing government spending. He expects monthly inflation rates of 20-40% but hopes to avoid hyperinflation.
- However, economists caution that Milei's predictions are based on past crises, and the current situation may differ. The country also faces a challenging economic situation and a potential increase in inflation after the recent devaluation of the peso.
16 Articles
16 Articles
Argentina: CPI 12.8% up in November and 160.9% YoY
Argentina's National Institute of Statistics and Census (Indec) released a report Wednesday stating that the Consumer Price Index (CPI) for November 2023 went up 12.% for a total of 148.2% so far this year and an interannual increase of 160.9%. November's figures represented a strong jump from October's 8.3%.
Jährliche Inflationsrate in Argentinien bei 160%
Kurz nach dem Amtsantritt der neuen liberalen Regierung in Argentinien ist die jährliche Inflationsrate auf 160,9 Prozent gestiegen. Allein im November legten die Preise in dem von einer schweren Wirtschaftskrise betroffenen südamerikanischen Land um 12,8 Prozent zu, wie die nationale Statistikbehörde Indec am Mittwoch in Buenos Aires mitteilte. Vor allem die Kosten für Gesundheit, Lebensmittel und Telekommunikation zogen kräftig an.Geld wie „g…
Argentina December inflation to be 'substantially higher' m/m, minister says
Argentina December inflation to be 'substantially higher' m/m, minister says (Updates with additional detail from interview) BUENOS AIRES, Dec 13 (Reuters) -Argentina's December inflation rate will "clearly be substantially higher than in November," Economy Minister Luis Caputo said in a televised interview Wednesday, as Javier Milei's newly elected government grapples with an economy in crisis. Monthly inflation in the Latin American nation hi…
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