Argentina tops the list of LatAm countries with the highest inflation for the 9th straight month

[Larry]

A dubious honor. Argentina has the highest inflation in Latin America.

Argentina tops list of LatAm countries with the highest inflation for the 9th straight month

Argentina was found to boast the dubious honor of topping the list of Latin American countries with the highest inflation for the ninth month in a row after Friday's release by the National Institute of Statistics and Census (Indec) of the latest report regarding June's figures. The CPI went up...

en.mercopress.com

 

[CecilM]

We're hot on Venezuela's heels.

 

[Digital Nomad]

It's not just the highest in Latin America. I think I read it's the highest in the world.

 

[Larry]

We're hot on Venezuela's heels.

View attachment 6684

These are old numbers. Argentina's inflation is higher than that now.

 

[CecilM]

Inflation has even become part of the memes about the Copa America 😂... it's nothing new. However, I celebrate that June's inflation was lower than May's.

 

[fetch rover]

Hopefully inflation doesn't head back up. Sounds like it is creeping back up. I was worrying about it with all the increases in transportation and utility rates but it sounds like they will hold back on some of those?

https://money.usnews.com/investing/news/articles/2024-07-10/argentina-inflation-seen-speeding-up-in-june-ending-five-month-streak

 

[Avocado]

Hopefully inflation doesn't head back up. Sounds like it is creeping back up. I was worrying about it with all the increases in transportation and utility rates but it sounds like they will hold back on some of those?

https://money.usnews.com/investing/news/articles/2024-07-10/argentina-inflation-seen-speeding-up-in-june-ending-five-month-streak

Hold back? Utility rates have shot up 200% recently. They want to raise them even more. Inflation rates are higher than they are reporting.

 

[Vince]

Fortunately inflation is heading down.

 

[Larry]

Fortunately inflation is heading down.

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Once you see Milei devaluate again you will see a big jump up in inflation again.

 

[Flamingo]

Once you see Milei devaluate again you will see a big jump up in inflation again.

Let's hope we don't need to devalue the currency again.

Inflation is still high but cooling. Inflation in CABA was 5.1% for July 2024. So far in 2024 it's about 98.5% and year over year it was 269.4% so still very high.

 

[Flamingo]

Very positive that inflation is slowing down. Inflation in August 2024 was down to 4.2%. According to INDEC it has gone up 94.8% so far this year. In the past 12 months it was 236.7% Let's hope it continues to go down.

 

[CecilM]

Very positive that inflation is slowing down. Inflation in August 2024 was down to 4.2%. According to INDEC it has gone up 94.8% so far this year. In the past 12 months it was 236.7% Let's hope it continues to go down.

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In fact, it went up. Inflation in July was 4%, and it seems this month didn’t go as they expected. 52% of Argentinians are living in poverty, those are the numbers they should be paying attention to.

 

[Alfred22]

Despite an expected slight increase in the inflation rate, food and supermarket products have not seen a significant rise. This is primarily because the government has implemented price controls and agreements with producers and supermarkets to stabilize prices, especially for essential goods. These measures help prevent abrupt increases, and I believe this is one of the many reasons why prices in supermarkets have not surged as much.

https://twitter.com/x/status/1843639837548744992

 

[Bob]

Despite an expected slight increase in the inflation rate, food and supermarket products have not seen a significant rise. This is primarily because the government has implemented price controls and agreements with producers and supermarkets to stabilize prices, especially for essential goods. These measures help prevent abrupt increases, and I believe this is one of the many reasons why prices in supermarkets have not surged as much.

https://twitter.com/x/status/1843639837548744992

I wish they would do price controls on other things like condo expenses and electricity rates! Mine has exploded the past few months.

 

[Larry]

People talk about inflation slowing. The cost of some things here are crazy. They are more expensive than in Europe or US. Look at Starbucks.