Yes, there is a spike… and Milei has masked the most recent one with a devaluation by decree
2023: 211% inflation
2024: 117% inflation / 54% by decree = 216% effective
Argentina has a serious case of stagflation, with public spending slashed, international investors capped in their ROI, and a poverty level going back to 2005 numbers.
I’m generally not a fan of dollar pegs, but refloating the peso led to all sorts of problems. This is of course IMF related, but that might start getting a bit too wonky.
Yeah I mean I did read the translated version, but translations are imperfect. Looks like this confirms that there is a recent spike though
Yes, there is a spike… and Milei has masked the most recent one with a devaluation by decree
Argentina has a serious case of stagflation, with public spending slashed, international investors capped in their ROI, and a poverty level going back to 2005 numbers.
I’m generally not a fan of dollar pegs, but refloating the peso led to all sorts of problems. This is of course IMF related, but that might start getting a bit too wonky.