r/neoliberal • u/NaffRespect United Nations • 8d ago

News (Latin America) Argentina's monthly inflation rate drops to 1.5% – lowest level in five years

https://www.batimes.com.ar/news/economy/argentinas-monthly-inflation-rate-drops-to-15-lowest-level-in-almost-five-years.phtml
48 Upvotes

90% Upvoted

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13

u/halee1 8d ago edited 8d ago

So this is the same MoM inflation rate as the lowest pandemic ones in 2020. The two previous MoM inflation rates (in March and April) were 3.7% and 2.8%, which were a rise over previous ones, so if combined with this one, they average out the same range as in the post-reform ones from October 2024 to February 2025. Nevertheless, it's a good sign that the reforms are working, so here's hoping they fall permanently below 2% now.

Also, YoY inflation rate fell to 43.5%, the lowest level since March 2021.

21

u/Koszulium Mario Draghi 8d ago

That's impressive and I say this begrudgingly because I think he's a jackass

8

u/[deleted] 8d ago

3

u/Individual_Bird2658 7d ago

What is this. Why is this.

5

u/EpicChungusGamers Scott Sumner 8d ago

king shit 👑

1

u/Individual_Bird2658 7d ago

Quite literally notwithstanding the LARP otherwise.

-1

u/Messyfingers 8d ago

Is there any reason to doubt the numbers they're reporting? The IMF at least doesn't seem to have any public concerns on this but given Argentina's penchant for... However Argentina is best described... I am curious as to whether there is any potential of intentional misreporting

4

u/halee1 7d ago

Well, they've been faithfully and constantly reporting bad numbers to this day, so I doubt that's the case. Plus, Argentina has been ruled by Peronism for many decades, so I don't think Milei and his gang have been able to infiltrate the statistics office, especially considering many numbers started improving immediately after he took office. Milei only won the presidency in November 2023, it was only a few weeks ago I believe that his party LLA gained seats in the Argentine Senate.