Argentina inflation slows for a second month as President Milei keeps pushing austerity measures

3 years ago by mellowheat to c/world

Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy.
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SwingingKoala -10 points 3 years ago
path: 0 8426953, hotness: undefined, score: -10, children: 24
Lautaro 35 points 3 years ago

Inflation before him was 10% monthly. On his first month in office, he raised it to 25% thanks to his measures. Second month 20%. Now, at 14%, we're still 40% worse than the worst month of previous administration.

Prices are higher than the US or Europe now, while minimal wage remains unchanged at US$160. If he's into something, it is something bad for sure.

path: 0 8426953 8430408, hotness: undefined, score: 35, children: 1
SwingingKoala 5 points 3 years ago
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