Here is a graph from this article which shows the progress made so far. Yes, prices are still going up. But the rate of growth has slowed - largely because Milei has cut government spending.
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The monitary base is 100% more and the USD is falling. This is the recipe of the perfect storm.Price inflation, as measured by the consumer price measure, just hit an all time monthly low of 4% since Milei assumed office. Graph here shows all the monthly declines: https://economicorder.substack.com/p/mileis-disinflation-true-and-false
However the monetary base - i.e. money supply - has been increasing. There are a few polices he needs to stop from the previous administration to sustain the apparent decline in prices: https://economicorder.substack.com/p/whats-going-on-with-milei-caputos
Never in human history has there been one case of inflation that Is not couped with the devaluacion of that currency . In just one year in Buenos Aires prices in us dollars went up over 100 percent . For example Turkey .Syria Zimbabwe have high inflation but in us dollars are very cheap . Argentina inflation of 4 percent per month in hard currency Is brutal . This means in just one year nearly everything in us dollars Will be double today . Health care. Expensas. Taxis. Food etc etc . Coffee is now inching 3 dollars a cup and a standard meal at night is 25 dollars minimum . Will you be willing to pay 50 dollars for this meal and 6 dollars a cup of coffee ?The expensas for my parking went up from 20.000 to 110.000 in one year while the school of children increase 100% with the USD frozen. So he had inflation in hard currency of over 100% while the inflation in usd of the former goverment was negative.
You think 4% a month amounts to double in one year? Check your math. (Forgetting about all the rest of the things we could say about the post.)Never in human history has there been one case of inflation that Is not couped with the devaluacion of that currency . In just one year in Buenos Aires prices in us dollars went up over 100 percent . For example Turkey .Syria Zimbabwe have high inflation but in us dollars are very cheap . Argentina inflation of 4 percent per month in hard currency Is brutal . This means in just one year nearly everything in us dollars Will be double today . Health care. Expensas. Taxis. Food etc etc . Coffee is now inching 3 dollars a cup and a standard meal at night is 25 dollars minimum . Will you be willing to pay 50 dollars for this meal and 6 dollars a cup of coffee ?
I think Murray has an aspiration to become a bot.
Its at least 60 percent More as inflation Is compounded from last months base . Food by the way Is going up much faster than 4 percent per month meaning 100 percent Is a possible estimateYou think 4% a month amounts to double in one year? Check your math. (Forgetting about all the rest of the things we could say about the post.)