Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy.
Inflation before him was 10% monthly. On his first month in office, he raised it to 25% thanks to his measures. Second month 20%. Now, at 14%, we’re still 40% worse than the worst month of previous administration.
Prices are higher than the US or Europe now, while minimal wage remains unchanged at US$160. If he’s into something, it is something bad for sure.
Inflation before him was 10% monthly. On his first month in office, he raised it to 25% thanks to his measures. Second month 20%. Now, at 14%, we’re still 40% worse than the worst month of previous administration.
Prices are higher than the US or Europe now, while minimal wage remains unchanged at US$160. If he’s into something, it is something bad for sure.
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