It was nice while it lasted. Inflation is going back up. Utility rates are skyrocketing. Healthcare premiums were supposed to go back down but never did.
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Politics Having single-digit inflation is a good start
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jesicac
Member
We continue to celebrate that inflation is no longer a double-digit number. It is estimated that June's inflation will be higher than May's but still below 5%... we're on the right track.
Russell
Member
Indeed, it was less than 5%, exactly 4.46%. Although inflation was higher than in May, it decreased on an annual level.
La inflación de junio fue del 4,6% y acumuló 271,5% en los últimos doce meses
El presidente Javier Milei y el ministro Luis Caputo habían destacado el resultado previamente y consideraron que seguirá esta tendencia, aunque haya un rebote algún mes por un factor puntual
www.infobae.com
Finance Prof
Well-known member
Great that food and beverage still is falling. It was really wise of Milei to hold off on raising utility and transportation prices more for now.
Betsy Ross
Well-known member
This definitely is noticeable. In fact, most of my friends that did not vote for Milei have quieted down lately and willing to give him a chance to see how things will turn out. They admit that inflation like this would have been a disaster had he not won. So I think it is giving people a little patience to wait and see how things turn out.
Avocado
Well-known member
Some things increase more. You can see more of the breakdown here.
Inflación en la Ciudad de Buenos Aires: qué fue lo que más aumentó durante julio
Índice de precios al consumidor porteño fue del 5,1% y registró una nueva suba durante el séptimo mes del año siendo restaurantes y hoteles, recreación y cultura, y salud los rubros que sufrieron el mayor aumento. Los detalles. La inflación en la Ciudad de Buenos Aires fue del 5,1% en julio y...
www.c5n.com
The Minister of Economy promised a 1% inflation rate for September. We’ll see if things continue on the right track, although we know that the economy here always surprises us, and nothing is predictable.
www.infobae.com
Caputo prometió una inflación de 1% en septiembre pero agosto dejaría un piso demasiado alto para cumplir esa meta
El ajuste de tarifas del mes tiene un impacto mucho menor en que en la primera tanda de aumentos pero con un índice ya en un dígito bajo, el efecto se hace sentir
www.infobae.com
Avocado
Well-known member
I am not sure why some are so impressed with Milei. We are already almost 8 months in from his term and besides inflation slowing down a bit we still are with many problems and broken promises.
- Inflation is still very high and one of the highest in the world
- CEPO is still in place
- Salaries are still very low
- Negative interest rates
- Federal Reserve cash is not building up reserves
- GDP is going down with the recession
- Central Bank is not closed like he said it would be
- USD isn't being used as default currency
Things will fail just as they typically do. Very little positive change.
- Inflation is still very high and one of the highest in the world
- CEPO is still in place
- Salaries are still very low
- Negative interest rates
- Federal Reserve cash is not building up reserves
- GDP is going down with the recession
- Central Bank is not closed like he said it would be
- USD isn't being used as default currency
Things will fail just as they typically do. Very little positive change.
CraigG
New member
I think we're on the right track, July's inflation was just 4%. I’m still applauding this economic team!The Minister of Economy promised a 1% inflation rate for September. We’ll see if things continue on the right track, although we know that the economy here always surprises us, and nothing is predictable.
Caputo prometió una inflación de 1% en septiembre pero agosto dejaría un piso demasiado alto para cumplir esa meta
El ajuste de tarifas del mes tiene un impacto mucho menor en que en la primera tanda de aumentos pero con un índice ya en un dígito bajo, el efecto se hace sentir
Billy Goat
Well-known member
Inflation hit the lowest level since 2022.
www.bnnbloomberg.ca
Argentina Inflation Slows to Lowest Level Since 2022 Under Milei
Argentina’s monthly inflation reached the lowest level since early 2022 after President Javier Milei briefly tapped the brakes on his economic shock therapy by postponing utility hikes.
CecilM
Active member
These are the painful statistics from Milei's era: According to the Argentine Catholic University, 63% of Argentine children and adolescents live in poverty, with 16.2% in extreme poverty, the highest figures recorded since 2010. This is truly heartbreaking.
www.infobae.com
Según la UCA, el 63% de los chicos y adolescentes argentinos son pobres y el 16,2% son indigentes, la cifra más alta desde 2010
Los datos corresponden al 2023 y surgen de un estudio de medición multidimensional, donde se evalúa la situación de los menores de 17 años en sus diferentes derechos básicos
www.infobae.com
Although food prices aren’t rising as quickly overall, some specific products are still going up a lot. That’s why people sometimes say they don’t trust the inflation numbers, because the drop in many products isn’t reflected on supermarket shelves. I think there should be an agency to regulate this. Still, I believe we’re on the right track. Having a lower number each month is the result of a lot of effort.
www.infobae.com
La inflación de alimentos sigue por debajo del nivel general, pero hay algunos productos que suben por encima del 7%
Las mediciones que siguen el día a día en las góndolas muestran que se mantiene la tendencia a la desaceleración en lo que va de agosto
www.infobae.com
The inflation for the first half of August shows that it's still decreasing. Starting from the second week of August, most food prices have gone down, so things are still on track.
www.iprofesional.com
La inflación de la primera quincena de agosto genera grieta en las góndolas
Hubo una leve deflación durante la última semana en los alimentos y bebidas. Dispar comportamiento en las cadenas de supermercados
www.iprofesional.com
So much for that promise of 1% inflation rate for September.
Vince
Well-known member
But come on true inflation isn't what the government is saying. Just like the USA plays with their inflation % so does Argentina. Inflation is no where near these numbers. Add in many common expenses that everyday person pays and costs are much higher. Health insurance, school tuitions, home insurance, car insurance, phone bills, internet bill and many others.
Add in these things and inflation is much higher. Just pointing this out so that people know the obvious that inflation is much higher.
Betsy Ross
Well-known member
Food yes but Vince is right that many other things have gone up.The inflation for the first half of August shows that it's still decreasing. Starting from the second week of August, most food prices have gone down, so things are still on track.
La inflación de la primera quincena de agosto genera grieta en las góndolas
Hubo una leve deflación durante la última semana en los alimentos y bebidas. Dispar comportamiento en las cadenas de supermercados
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