Argentina's Inflation Drops to Lowest Monthly Rate Since 2020

The Rio Times

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Argentina's Inflation Drops to Lowest Monthly Rate Since 2020

Argentina’s inflation figures are showing encouraging signs of improvement, reflecting a steady and positive trend. The monthly inflation rate for November 2024 stood at 2.4%, marking the lowest level since July 2020. This continues a consistent decline in monthly rates, which fell from 2.7% in October and have been dropping steadily from much higher levels […]

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After the November inflation rate was announced today, which closed at 2.4%, leaders of La Libertad Avanza (LLA) and government officials celebrated the figure that reflects the lowest record in four years. Economy Minister Luis Caputo was one of the first to highlight the index released this afternoon by Indec. “The lowest since July 2020. Food 0.9% Goods 1.6% Basic food basket 1.1% Basic food basket 1.5% The deinflation process continues. Incr…

La Tercera

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Good news for the pocket and for the government of Javier Milei. The CPI of Argentina was 2.4% in November, according to data delivered this Wednesday by the National Institute of Statistics and Censuses (Indec). The figure was below market expectations that expected a small acceleration in the eleventh month of the year. According to official data the CPI was 2.4%, which corresponds to its lowest record since July 2020. With this it accumulates…

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The figure was below the consultants’ forecasts. Food rose by 0.9%, well below the overall average. In the last twelve months, inflation accumulated an increase of 166%.

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Argentina's Inflation Drops to 2.4%: Vitalik Buterin Highlights Peso Stability

Javier Milei’s policies include deep fiscal adjustments, rigorous control over reserves, and a plan for “zero issuance.” Vitalik Buterin supports Milei’s economic freedom proposal, criticizing the role of states in printing money and regulating economies. Vitalik Buterin, recently shared his views on Argentina’s economic situation, drawing attention to the stabilization of the Argentine peso (ARS) against the US dollar. In a tweet, Buterin hi…

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In November, inflation slowed to 2.4%, the lowest level since July 2020, according to the INDEC. This decline generates expectations and some concerns about how the CPI will close in December and the year 2024. December inflation is expected to be around 3%, with an annual projection below 120 percent.