this post was submitted on 21 Jun 2025
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[–] troyunrau@lemmy.ca 33 points 3 days ago (2 children)

1.5% per month. Don't compare directly to your home country's annual inflation yet. Unless you're Turkey or Russia.

[–] Humanius@lemmy.world 15 points 3 days ago* (last edited 3 days ago) (1 children)

Converting that to a yearly inflation figure:

1.015^12^ =~ 1.196

So about 19.6% yearly, assuming it will stay at 1.5% monthly for the next year.
By Argentinian standards that is honestly not too bad

[–] UnderpantsWeevil@lemmy.world 11 points 3 days ago

Can't raise prices if nobody has any money

😎

[–] vga@sopuli.xyz 3 points 3 days ago* (last edited 3 days ago)

Yeah, it was 25% per month when Milei was elected and been going down ever since almost every month. Whether it's thanks to or despite him is a more difficult question of course.

[–] ryathal@sh.itjust.works 5 points 3 days ago

This is becoming a really good case study for austerity working. Argentina still isn't great, but they were bordering on hyperinflation and are now stablizing.

[–] flamingo_pinyata@sopuli.xyz -4 points 2 days ago

Milei understands money. He might fail to understand many other things, he might cause more harm than good in other ways, but he understands money. If you want to stop inflation, Milei is your man.