Argentina inflation slows to 4.2% m/m in May
Argentina inflation slows to 4.2% m/m in May
While this is very high, it's still a huge improvement.
Best wishes to Argentina.10 0 ReplyArgentina is now ruled by a Trump-styled populist. You may have best wishes, but they aren't going to be granted.
9 2 ReplyFor things to improve, they still need a working economy, disregarding if it's a left or right wing government.
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4.2 % m/m? Mass percent (mass/mass)? What does that mean in this context?
7 0 ReplyMonth over month
13 0 ReplyAhhhhhh, thank you. So still kind of a lot of inflation then.
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Inflation in the 12 months through May, meanwhile, landed at 276.4%, also below a poll forecast of 279.4%.
7 0 ReplyMakes sense, as inflation goes lower, that the current annual inflation curve will stop overlapping with the past year one, which was 211% annual
1 1 ReplyYou're comparing month over month inflation vs. annual inflation. They aren't the same.
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That's a really big reduction. Won't be over soon but it sounds like they're getting on the right path economically.
4 0 ReplyGreat to see progress being made.
1 1 Reply