HACKER Q&A
📣 bnormative

Has Argentina really lowered its inflation rate?


I have seen a lot of news that their monthly inflation rate as low as 5 percent for August.

Is that correct?


  👤 pilaf Accepted Answer ✓
Monthly inflation since December 2023 has followed these numbers:

  * Jan - 20.6%
  * Feb - 13.2%
  * Mar - 11%
  * Apr - 8.8%
  * May - 4.2%
  * Jun - 4.6%
  * Jul - 4%
So yes, inflation has gone down.

Inflation for August is not yet known, as it's only measured for the completed month and revealed a couple weeks into the following month. It's expected that August should also hover around 4% though.

For comparison here are the last 6 months of 2023:

  * Jul - 6.3%
  * Aug - 12.4%
  * Sep - 12.7%
  * Oct - 8.3%
  * Nov - 12.8%
  * Dec - 25.5%
Source: https://www.indec.gob.ar/indec/web/Nivel4-Tema-3-5-31

👤 meiraleal
Pretty much the opposite. Poverty doubled in the last 12 months in Argentina, things are going really bad there

👤 JojoFatsani
Do you believe credible news outlets or do you believe anonymous commenters on a technology forum?