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In May 2018, the official estimated inflation had peaked up to 25 percent a year, and on 4 May Argentina's central bank raised interest rates on pesos to 40 percent from 27.25 percent, which is the highest in the world, since the national currency had lost 18% of its value since the beginning of the year. [citation needed]
At the time of Milei's inauguration in December 2023, Argentina’s economy was suffering 143 percent annual inflation, the currency had plunged and four out of 10 Argentines were in poverty. [ 193 ] In January 2024, a study by the Catholic University of Argentina estimated that the country's poverty rate had reached 57.4%, the highest poverty ...
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 ...
USD to Argentine peso exchange rates, 1976–1991 USD to Argentine peso exchange rate, 1991–2022. The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. [citation needed] The exchange rate at the end of each month is expressed in:
Argentina's annual inflation could hit 100.3% this year, according to an analysts survey published by the country's central bank on Thursday, jumping 5.3 percentage points from the previous estimate.
Consumer prices in Argentina soared 12.4% in August, compared to the previous month, the highest rate since February 1991, a number that puts the government on the defensive a little more than a ...
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. The government has promised to reduce inflation below 3% before the end of the year, something it finally did.
In India, a total of 697 commodities data on price level is tracked through WPI which is an indicator of movement in prices of commodities in all trade and transactions. It is also the price index which is available on a weekly basis with the shortest possible time lag only two weeks. [17] Base year to calculate WPI is 2011-2012=100