Note, that's monthly inflation.
In the US we normally discuss annual or annualized inflation. So 4% monthly would be described as 60% annualized inflation. The actual YoY inflation in Argentina is 263%.
Along with the dollarization that is not being an actual peg, these feel like the usual sensationalist pieces created to drum up artificial support for Milei.
Exactly. The article never hides it's monthly inflation tho, don't know why to point specifically to that.
Anyways, Annual inflation curve has been going down steadily, that's very positive for us down here. It peaked at 287% or something in April. And now we are looking at an annual future value of 125% this year and 45% next year
That's dropping A LOT!
Also 4% monthly is very good for our standard of 18% monthly average from last year. Actually improvement has been great on that front, prices have been steady as well since at least 6 to 4 months ago
A year ago? That would have been impossible to dream about
Reuters - News Source Context (Click to view Full Report)
Information for Reuters:
MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
Wikipedia about this source
Media Bias Fact Check | bot supportSearch topics on Ground.News
https://www.reuters.com/markets/argentina-inflation-slows-4-july-after-spiking-month-earlier-2024-08-14/
A community for discussing events around the World
Rule 1: posts have the following requirements:
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/