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The inflation that has ravaged Argentina caused prices to soar by almost 300 percent in the past year. ... Since Javier Milei became president in December, monthly inflation has rapidly dropped ...
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [42] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [43] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [44]
Prices in Argentina are climbing, despite positive signs of a deceleration, with the embattled South American country's annual inflation rate set to edge closer to 300% when the government reveals ...
Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to ...
Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%. On an annual basis, inflation in October was 193% compared to 209% reported in September. Milei has trumpeted falling prices in recent months as a victory in his fight against Argentina’s worst economic crisis in over two decades.
Monthly inflation in December reached 25.5%, the highest in three decades. Poverty skyrocketed in January to more than 50% and consumption collapsed to levels comparable to 2001, when a social ...
The 2024 Argentina protests were a series of protests and riots in Argentina, lasting from January to June, in response to reforms introduced by president Javier Milei.. Milei proposed reducing government ministries and addressing economic challenges through spending cuts and fiscal reforms, and criticized previous administrations for excessive spending. [1]
Argentina's annual inflation has fallen from 211% in December 2023 [135] to 193% in October 2024. [136] Monthly inflation slowed in February 2024 for a second consecutive month as Milei continued to push austerity and deregulation measures to revive the country's struggling economy. Argentina's monthly inflation slowed to 13.2% in February ...