Argentina inflation surges past 200%, hitting highest level in decades
Argentina inflation surges past 200%, hitting highest level in decades
President Javier Milei, who has been in office for just over a month, is looking to employ tough austerity measures to bring down inflation, reduce a deep fiscal deficit and rebuild government coffers.
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Just my prediction a couple of months ago: https://lemmy.ca/comment/5086774 (post was from last November or so ..)
Looks like my guess is tracking so far. Still.... 21 months to go until 500%.
You got it extremely wrong. Current annual inflation rate is 211%
If the guy takes it to 150%, he gets reelected
We haven't quite reached the 2 year mark. Still a while to go..
No, you are uninformed. Milei has changed things by a LOT. may be a year of turbulence but they are OK now.
I am just pointing out inflation rates and I personally don't care about anything else. Milei said it would take two years to fix the inflation in Argentina, so, I am holding him to it.
What I really think is going to happen is that inflation will not be fixed and he is going to keep blaming the government and "leftists" because of it. It's actually in his best political interest not to fix inflation as it gives him a way to demonize his opponents.
His inflammatory rhetoric is only used to piss people off. It's not that he might actually believe any of the shit that he says. It's in his best interest to keep telling people they are being attacked by his opponents.
"All you have to do is tell them [the people] they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in every country." - Hermann Goering (as quoted by Gustave Gilbert in the Nuremberg Diary)
Usd is the way forward. Ecuador has avoided destruction with it.