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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 ...
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]
In the current year, consumer prices for food are forecast to increase by 4.5 per cent on average. [11] Most shopping centers have expensive underground car parking places that are often in practice free of charge. The high construction prices are included in the price of food and goods.
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 ...
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.
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 January 2024, after a series of economic shock measures were introduced, inflation reached a 32-year high at 211%. [24] President Javier 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.