Argentina cuts rates again as inflation crests near 300%

[Finance Prof]

Most are saying the same thing that although the official numbers are going down they barely feel it. The article does a good job of stating how even if shopkeepers want to lower prices they can't as everything is going up in price. There is a limit to what cash strapped consumers can buy so they just stop buying. Many of my friends say they don't feel the drop in inflation much. Sure at the market a few things have gone done but they are hurting.

https://www.reuters.com/world/americas/argentina-inflation-nears-300-climb-prices-slows-bit-2024-05-14/

 

[Betsy Ross]

I am proud of people sacrificing to fix the next generation. I never thought I'd live the day to see this sort of thing here.

 

[Bobbie Burgers]

The sad truth is that most expats probably were content to have more of a miserable situation for the locals so they had a strong blue dollar. A truth not many are willing to admit. I know I benefitted more from a strong blue dollar and turmoil although I am happy things are changing. I do hope the USD gets stronger.

 

[Avocado]

You expats have nothing to complain about. I have expat friend too and all of them have US dollar saving. They will be ok. I can't say same for us.

 

[Betsy Ross]

You expats have nothing to complain about. I have expat friend too and all of them have US dollar saving. They will be ok. I can't say same for us.

I disagree that expats aren't able to complain. The inflation is hitting everyone. Really worldwide inflation is an issue. My friends have been complaining since the covid outbreak of rapid inflation. I don't think that complaining should be only limited by Peronistas.

 

[Fred58]

It seems that inflation is nowadays a protagonist even in stand up jokes.

https://www.tiktok.com/video/7336174657307036959

 

[Vince]

The good news is that inflation IS going down each month. Significant accomplishment vs. Alberto. I can't imagine where things would be if things didn't turn around.

 

[Digital Nomad]

Yes, I saw this graph the other day. I'm not sure how Peronistas can argue with the trend.

 

[Digital Nomad]

Here is a graph going further back.