Inflation in the 12 months through May, meanwhile, landed at 276.4%, also below a poll forecast of 279.4%.
4.2 % m/m? Mass percent (mass/mass)? What does that mean in this context?
Month over month
Ahhhhhh, thank you.
While this is very high, it’s still a huge improvement.
Best wishes to Argentina.Argentina is now ruled by a Trump-styled populist. You may have best wishes, but they aren’t going to be granted.
For things to improve, they still need a working economy, disregarding if it’s a left or right wing government.
Let me know when that happens. Because it isn’t even close to that yet. 276.4% inflation is not a working economy.
That was the previous government, The current government has reduced it first to about 8% last month, to now 4.4%.
The current administration took office in December, and obviously it takes time to make reforms. But president Javier Milei is an economist, so we can hope he can get that part working better than the previous government.But he is a populist as you wrote, and allegedly a libertarian, so I agree Argentina may be going from one evil to another.
It’s weird how South American countries often goes from one extreme to another?
