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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. The data reflects the ...
[citation needed] In 2022, Argentina's inflation rate reached 100%, and in November 2023 reached 143%, with 55% of children in Argentina living below the poverty line and more than 18 million citizens not being able to afford basic goods as of 2023. [22]
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [41] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [42] 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. [43]
The inflation in Argentina rose heights of 250% in December 2023, whilst the annual percent change in GDP growth has fallen to -2.8%. [21] To avoid further economic troubles, Milei and the IMF struck a deal that would allow for US$44 billion dollars of funds to go the country. This deal helps keep the Argentina government solvent, but it will ...
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 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.
A 7-point underestimate in inflation could save the Central Bank of Argentina US$3 billion in inflation-indexed interest payments, while higher economic growth would cost added interest on bonds tied to GDP; hence, there is a short-run financial benefit to the government from a discrepancy between the two inflation readings in the table. [23]
Argentina's monthly inflation rate in May was likely the lowest since 2022 amid a tough austerity drive by libertarian President Javier Milei, but with annual inflation still near 300% many ...