Politics Having single-digit inflation is a good start

[Larry]

Inflation is definitely going down and the stronger US dollar really helps for expats like me!

@Spend Thrift I bet you have changed your mind about that strong US dollar.

All the expats that I know are complaining. People complained with CFK that inflation numbers were a lie. But now they won't admit the same with Milei. The real inflation was almost 11% in USD. Government is playing games and expanding the amount of currency and manipulated the exchange rate with both the white and blue rates with their monetary policy interest rate hidden within the treasury. Milei and Caputo are exactly the same as what Martizez de Hoz and Videla did. It didn't work then and it won't work now.

 

[Spend Thrift]

@Spend Thrift I bet you have changed your mind about that strong US dollar.

All the expats that I know are complaining. People complained with CFK that inflation numbers were a lie. But now they won't admit the same with Milei. The real inflation was almost 11% in USD. Government is playing games and expanding the amount of currency and manipulated the exchange rate with both the white and blue rates with their monetary policy interest rate hidden within the treasury. Milei and Caputo are exactly the same as what Martizez de Hoz and Videla did. It didn't work then and it won't work now.

Yes things here change quickly. I still think it is affordable here compared to Stateside. What I am surprised at is the jump in monthly bills. I'm on a long term lease and I have to pay the monthly hoa bill. It has jumped up 200% I can't fathom how people manage this. The majority of people in my building are behind on their bill.

I don't know enough about all of this intervention but I believe you. All the locals that I talk to tell me that things will eventually correct. People still seem to be saving in dollars when they can.

 

[jackL]

Inflation continues to drop, with September marking the lowest rate since November 2021.

https://twitter.com/x/status/1844454253110362417

I’m leaving a comparison with previous months here..

https://twitter.com/x/status/1844453066772447346

 

[Joe]

Yes things here change quickly. I still think it is affordable here compared to Stateside. What I am surprised at is the jump in monthly bills. I'm on a long term lease and I have to pay the monthly hoa bill. It has jumped up 200% I can't fathom how people manage this. The majority of people in my building are behind on their bill.

I don't know enough about all of this intervention but I believe you. All the locals that I talk to tell me that things will eventually correct. People still seem to be saving in dollars when they can.

I am in an Airbnb now. I saw the monthly expenses in the lobby. Wierd that they list all the owners in the building and it shows the balance of each owner. Some of these owners are several months behind.

 

[Uncle Wong]

I am in an Airbnb now. I saw the monthly expenses in the lobby. Wierd that they list all the owners in the building and it shows the balance of each owner. Some of these owners are several months behind.

What were the monthly expenses like? What area are you staying in? It seems like a miracle to get the inflation down so much. To go from 25.5% in December down to 4% now must have been tough. Seems like whatever they are doing is working.

https://finance.yahoo.com/news/argentina-inflation-slows-lowest-level-191126935.html

 

[earlyretirement]

What were the monthly expenses like? What area are you staying in? It seems like a miracle to get the inflation down so much. To go from 25.5% in December down to 4% now must have been tough. Seems like whatever they are doing is working.

https://finance.yahoo.com/news/argentina-inflation-slows-lowest-level-191126935.html

A tremendous amount of progress has been made with the inflation in Argentina but here you can see a chart of monthly and annual inflation from other countries in South America. Argentina has a long way to go. Only third world nations have the kind of inflation that Argentina has.

 

[Larry]

What were the monthly expenses like? What area are you staying in? It seems like a miracle to get the inflation down so much. To go from 25.5% in December down to 4% now must have been tough. Seems like whatever they are doing is working.

https://finance.yahoo.com/news/argentina-inflation-slows-lowest-level-191126935.html

Read the FT article.

Inflation over the past 12 months (10 of which Milei was in charge of) was 237%.


However, prices have still risen by 237 per cent over the past 12 months.

https://archive.ph/ogDEC#selection-2421.0-2421.268

 

[legend]

Thanks to his control over inflation and its decline, Luis Caputo will be awarded this Wednesday in the United States as the Minister of Economy of the Year.

In terms of inflation, there has been substantial progress. The month-to-month measurement is 3.5% compared to 25% at the beginning of the year. That is very significant, and it must be acknowledged," the economist emphasized during a press conference held as part of the IMF and World Bank Annual Meeting.

https://www.cronista.com/economia-politica/el-fmi-destaco-la-baja-sustancial-de-la-inflacion-que-discute-con-el-gobierno/

https://twitter.com/x/status/1848751541043220713

 

[Hero]

According to Caputo, "the battle against inflation has been won," with the lowest rate recorded in three years. But do you think this is reflected in day-to-day life? I still see people struggling and complaining about rising prices.

https://www.iprofesional.com/economia/417024-indec-revelo-dato-inflacion-octubre-2024

 

[CecilM]

The foods that increased the most in October: powdered flan (465%), followed by onions (354%), salt (342.6%), squash (332.9%), and lemons (332.9%). I wonder why flan went up so much? Strange...

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