but the rich men say that hunger is good for the economy because efficiency
this post was submitted on 17 Feb 2024
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Argentina's statistics agency on Wednesday published annual inflation of 254% as January inflation edged down to 20.6% from 25.5% a month earlier, just below forecasts of 257% and 21% according to analysts polled by Reuters.
that part is really confusing - it's down 20.6% to 254% from 257%?
Inflation is a measure of growth, when they say inflation is down they mean it's growing less.
254% was the actual annual inflation.
257% was the predicted annual inflation, 21% was the predicted monthly. There was no rolling annual amount given for the month prior only the monthly rate of 25.5%.
Argentina's statistics agency on Wednesday published annual inflation of 254% as January inflation edged down to 20.6% from 25.5% a month earlier, just below forecasts of 257% and 21% according to analysts polled by Reuters.
Actuals:
2024 Annual Inflation: 254%
Jan ‘24 Monthly Inflation: 20.6%
Dec ‘23 Monthly Inflation: 25.5%
Predictions:
2024 Annual Inflation: 257%, est.
Jan ‘24 Monthly Inflation: 21%, est.
Assuming Argentina government data is accurate,
1.) inflation is stabilizing (decreasing) over time
2.) inflation is beating analyst forecasts
Tragically high inflation but at least not going in the wrong direction at the moment.
It was 254% and inflation dropped from 25.5% the month prior to 20.6%. inflation had been forecasted to hit 21% that month and 257% for the year is my interpretation of what you posted.
Just below the forecast
Hungry people are angry people and angry people do bad things. I'm not so sure Milei is going to be president, or possibly alive, by the time inflation starts coming down.
If Argentinians really wanted a better solution, they would have come up with one on the last 30 years.
But they didin't.
Thus Milei was elected as the "emergency plan" to fight back against the inflation and now they're living the consequences of it.
Not the consequences of electing Milei, but rather taking so long to realize that their country's economy was totally out of balance.
It's definitely both. Milieu has done everything possible to make the situation worse.
Stupid, useless assessment.
(I don’t know the situation, plug us in!)
Did you just assess an assessment without providing your own assessment?!
Assessmenception