Monthly inflation of 2.7% is very high by European standards. But, in Argentina, this figure is hailed as the lowest in three years. Interannual inflation (since last October) remains enormous: 193%. The so-called annual one (since 1is January 2024) also: 107%, according to the National Institute of Statistics (Indec). But the trend is downward, and the ultra-right president, Javier Milei, does not have the modest triumph to celebrate the news, made public this Tuesday, November 12.
“Very bad day for mandrills”, he wrote in capital letters on his X account (formerly Twitter). It is with this ape-like term that he used to describe his opponents.
This is a major victory for him, who had made the fight against endemic inflation, completely out of control in recent years, a top priority of his government. The Country America traces from Buenos Aires the path traveled following his takeover last December: “The inflation index continues to fall in Argentina, after the initial peak produced by the first measures of the ultra-right administration. Last December, monthly inflation rose to 25.5% and since then
Swiss
