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  • FlowVoid@lemmy.worldEnglish
    2·
    3 months ago

    Note, that’s monthly inflation.

    In the US we normally discuss annual or annualized inflation. So 4% monthly would be described as 60% annualized inflation. The actual YoY inflation in Argentina is 263%.

    • Shardikprime@lemmy.worldOPEnglish
      01·
      3 months ago

      Exactly. The article never hides it’s monthly inflation tho, don’t know why to point specifically to that.

      Anyways, Annual inflation curve has been going down steadily, that’s very positive for us down here. It peaked at 287% or something in April. And now we are looking at an annual future value of 125% this year and 45% next year

      That’s dropping A LOT!

      Also 4% monthly is very good for our standard of 18% monthly average from last year. Actually improvement has been great on that front, prices have been steady as well since at least 6 to 4 months ago

      A year ago? That would have been impossible to dream about