Argentina inflation surges past 200%, hitting highest level in decades
President Javier Milei, who has been in office for just over a month, is looking to employ tough austerity measures to bring down inflation, reduce a deep fiscal deficit and rebuild government coffers.
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Good ol' anarcho-capitalism solving everything!
Argentina’s annual inflation rate sped past 211% in December
He only assumed office in December. I think he is a whacko but expecting him to have a major change in inflation immediately is a bit ridiculous, don't you think?
He took measures in his first days that produced rises in both food and fuel, two of the biggest components of inflation. You think that may have influenced or not? I mean…
He actually said that was going to happen. Argentina has been. Subsiding fuel and food and removing the subsidies would lead to short term inflation since the price of both is no longer artificially low.
If he said the measures HE took were going to cause inflation, how is that the previous government's fault? This is what I find funny. He said "25% inflation is great! We were going to much worse inflation! We should congratulate the Economy Minister", but at the same time, you say the measurements he took were going to cause inflation. So... how did they avoid a worse inflation?
I'm sorry, but some people don't want to see reality, just want to believe everything will be good in the end, but are not being critical with this government (something people should always do, regardless of who they voted for), and everything the government do is fine with them, no matter how incoherent the discourse is, or how harmful those measures are.
The measures would lead to higher inflation in short term but decrease in the long term. It actually is sound economically.
DOWNVOTE ME WHAT YOU WANT BUT HERE'S A SOURCE varias semanas de subida en el precio de la carne como consecuencia de las fiestas navideñas, con alzas de hasta el 50%, muchas carnicerías empezaron a aplicar rebajas del 20% y 25% en los últimos días para adaptarse a la menor demanda posterior. Y lo mismo está sucediendo con el resto de productos estacionales, propios de estas fechas tan señaladas, como es el caso de sidras, turrones o dulces, entre otros. El mercado se adapta a la demanda de los consumidores y baja precios con el fin de dar salida al stock acumulado.
Lolololololololol
Please tell us all how bad it was, and not is, you dumb fuck.
He'd been in power just few weeks. Where you live is PRIVILEGED
I would also vote left if in Europe or us
But in south America the left got into the narco boat. And also steal from gov funds and projects. So basically do what right wing does in Europe.
No hablo Espanol. Dipshit.
it's basically 😭it's christmas' fault guise! 😭
Ummm, what does this mean?!
varias semanas de subida en el precio de la carne como consecuencia de las fiestas navideñas,
"For some weeks, the rise in the price of meat is a consequence of christmas celebrations. "
Fair enough.
FOOD and fuel is DOWN as of this week with a lottttt. Rents too, open market has given farmers the chance to bring product to market direct!! No more government interference in pricing of those things! Freedom!
YOU GUYS DONT KNOW HOW BAD IT WAS!
They don't see it
LOLOLOLOL
As soon as you get elected literally everything becomes your fault, it's tradition.
Oh yeah, anarcho capitalism and economic libertarians never fail. Its always socialism, communism, people fault.
No more ridiculous than banning gatherings of more than 3 people or arresting people and making them pay for your jackboot gestapo
Are u you talking about those racist loitering laws that have been historically used to oppress non-white Americans?
Yes ridiculous. Now you want the list of EVEN MORE RIDICULOUS THINGS that the communist corrupt horrible 100-200%-inflation for a decade - people did?
Or did YOUR SOURCE ONLY MENTION what you wrote?
Hey, screamy mc bitch face, heard he's stripping abortions and shit now. Hows those scary communist laws feeling?
In a few years when he refuses to leave office, I'll message you and laugh my ass off, fascy.
ALL OF SOUTH AMERICA IS BEING DESTROYED BY NARCO COMMUNISM AND YOU WHINE ABOUT WHAT? IT'S A VERY CATHOLIC COUNTRY TOO...
You do NOT live here so go suck Cuba ruzzia Venezuela
He's a wacko for religious and gay and female stuff. Yes. Old values.
BUT EVERYTHING IS BETTER AS 100-200% INFLATION FOR TEN YEARS OF COMMUNIST RULE. basta ya. Let People import things, get them off the dole. Make some money and import and export stuff again.
ARGENTINA WAS/IS A FAILED STATE IN ALL OBJECTS. IF YOU DO NOT KNOW THE SITUATION YOU SHOULD TRY READ UP.
Milei is fixing it in argentina. NOBOA is fixing it in Ecuador.
Give them a fair chance and f off with your communist propaganda it is THE CULPRIT OF THIS 200% INFLATION
(MILEI ALREADY FIXED THAT PARTIALLY BTW, no more difference in exchange rate between street and bank!!)
The Peronists that have plagued Argentina for decades are not communist. They are extremely protectionist and horribly corrupt but they are far from communist.
The exchange rate being real is definitely a good thing. Eliminating price controls and allowing imports will also be good things. That doesn't mean he won't leave a path of destruction in his wake. Fixing the economy can be done without having an anarchocapitalist being the one crafting the policies.
While I may not know as much about Argentina as an Argentine, I have taken an interest in its economy since college when I studied the currency board of the 90s and what led to the economic crisis in 2000/2001. So I am definitely versed on the destruction that the Kirchners (specifically Cristina) laid the groundwork for.
Can you explain the female stuff? I thought he kind of surrounded himself with women to plan and run his campaign?
Well, he's fiercely against abortion maybe even against divorce. Extreme catholic 'values'
Gotcha. Standard religious bullshit. Thanks.
Russia? The communism is coming from inside the house.