Argentina inflation slows to lowest under Milei | Buenos Aires Times (www.batimes.com.ar)
from Shardikprime@lemmy.world to world@lemmy.world on 11 Oct 2024 02:51
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MediaBiasFactChecker@lemmy.world on 11 Oct 2024 02:51 next collapse
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catloaf@lemm.ee on 11 Oct 2024 03:44 next collapse

However, more than half of Argentinians are now living in poverty. www.bbc.com/news/articles/ceqn751x19no

TheBlackLounge@lemm.ee on 11 Oct 2024 08:57 collapse

It only went up 11%points, which is a miracle considering the 230% inflation going on before he took office.

How much if your country would be in poverty if next year their savings and income were effectively slashed by 60%?

Saleh@feddit.org on 11 Oct 2024 11:59 collapse

It went up by 11% points. The amount of people in poverty increased by 25%

TheBlackLounge@lemm.ee on 11 Oct 2024 20:32 collapse

True. Corrected. The point is that was already pretty bad and getting worse quick, so reaching 50% isn’t that surprising. His policies probably slowed it down.

Nighed@feddit.uk on 11 Oct 2024 08:52 collapse

It’s a very kill or cure approach… Let’s hope it works long term.

It’s still a huge yearly inflation rate though!