Argentina got a 2,7% inflation in october and still decreasing

Argentina got a 2,7% inflation in october and still decreasing

Thanks to Javier Milei and their economy minister Luis Caputo.

In 2023 Argentina reached a 211% inflation rate caused by uncontrolled money impression made by economy minister and “de facto” president of the last peronist goverment Segio Massa (Who is a lawyer, not a economist). When they let the goverment, leave a 25% montly inflation rate in december 2023, a hiperinflation was in the horizon.

Milei and their cabinet, they avoided a hiperinflation prioitizing the fiscal balance in public accounts ending with the money impression and debts, also reducing the state presence in different sides of society.

submitted by /u/20ers-thougts
[link] [comments]

LikedLiked