Inflation In Argentina Dips Below 200% For First Time In A Year
Argentine inflation has dipped to 193%, landing below the 200% threshold for the first time in close to a year, data from statistics agency INDEC showed on Tuesday, as President Javier Milei’s dramatic austerity agenda bears fruit. Slowing inflation, pulled back in part by the government’s dramatic public spending adjustments, has however come at the cost of consumption in a battered economy where more than half of the country has fallen into poverty. Data from INDEC showed that monthly inflation slowed to 2.7% in October from 3.5% the previous month, its lowest since November 2021. The annual rate dipped below 200% for the first time since November last year. While rent and utility costs drove… Read More »Inflation In Argentina Dips Below 200% For First Time In A Year