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In November 2024, Argentina's monthly inflation rate slowed to 2.4%, the lowest in over four years. Annual inflation was expected to end 2024 closer to 100%. [197]. Favourable results and normalization in Argentina’s economy are expected to continue in 2025. The annual inflation rate, which was 211% in 2023, is expected to be below 30% in 2025.
Prices for state-run utilities, telephone service, and gas increased substantially. [20] Confidence in the plan, however, collapsed in late 1987, and inflation, which had already averaged 10% per month (220% per year) from 1975 to 1988, spiraled out of control. Inflation reached 200% for the month in July 1989, peaking at 5000% for the year.
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. [1]
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 ...
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.
Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters ...
In January 2024, after a series of economic shock measures were introduced, inflation reached a 32-year high at 211%. [24] President Milei has also announced sweeping cuts in government including attempting to eliminate a large portion of the government ministries. [25] By January 2025, inflation had declined its lowest in four years.
Argentina's annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency.