2023 inflation rate was 211.4%.
What's that got to do with the price of tea in China? Is this the new "
Ah, pero Macri..."?
In 2024 it was 118%, it won't be less than 13% this year because of the crawling peg, and even then it will likely be closer to the mid 30% range based on the fact that despite 0 emission, an artificially cheap dollar, and all the
Lingchi we've gone through, inflation refuses to dip below 2% a month.
Simply put, there's nothing more to cut; we're a developing country with developed country prices (or worse, just look at appliances and food) and so how exactly is inflation supposed to slow further beyond making milk $3,000/L?
The worse part about the Milei regime is that despite going though all the brutal adjustments (that the caste has yet to/will never pay) we have none of the perks, none of the goodies promised. Families and young professionals still can't access mortgages because they don't earn enough, more apartments are available, sure, but people can't afford the rent, electricity is upwards of 500% more expensive yet Edenor/Edesur tells people it's their fault if their power goes out in 37ºC weather (because Edenor/Edesur haven't invested a cent in the infrastructure), there's no dollarization, it's still not possible to get dollars at a bank with pesos, taxes have increased/been extended, and imports still require the payment of VAT + outrageous shipping charges given our geographical location.
The only people who have won with this government are the rich; they were able to launder 100K tax free to build an addition on their quinta or buy a new Hilux. Alberto and Cristina were awful presidents, you don't have to be a Kirchnerist to look at the current state of the economy (forget everything else) to realize something is fundamentally broken. I still want to be proved wrong, that Milei really does save Argentina from itself, but you can't look at the current state of the country and go "Yeah, this is a healthy, functioning market" because it simply isn't.
batimes.com.ar
