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Argentina’s monthly inflation drops to 2.7%
(buenosairesherald.com)
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this post was submitted on 12 Nov 2024
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I mean that's a 10% (almost) change. I'd consider that significant for a population.
Don't try to reason with guys like this. That number means almost 2 million people became poor in the last 6 months. Two. Fucking. Million. People, with real lifes. For them is a just lines going up and down in a chart, to attract possible foreign investors. They would sell their own mother for the good lines to go up, and the bad lines go down.
Also, this person constantly posts articles simping for Milei. They are totally here with an agenda.
That's what happens with massive inflation, more and more people get made poor as income can't match the rising costs. Once inflation cools to the point cash from month 1 is about the same as cash from month 2, people have a chance to get out of poverty.
Previous governments from all political parties, all them had inflation, and workers could recover from it because unions negotiated raises according to inflation in every industry, it was commonplace back then. Why do you think there is a recession happening right now? Not only we have more people in poverty, but people outside of it also has no money to spend. Inflation kept rising but NOW, salaries didn't accompany it. Few privileged escape this situation, even the original article doesn't paints this stuff in a good light. We have inflation in US dollars now, so the country is becoming more expensive to live in in a way people can't react to, how do you think that will help with poverty? It's now, with this government, for the first time ever, that income can't match rising costs, moron. People can't even pay for food, housing or even electricity, take your head out of your ass, this is not just statics, it's people. The original article states a loss of 3.5 GDP, do you know what that means?
Libertarian assholes think everything is cold numbers in a chart, I hope they get fucked as the Nazis they are.
Dude you sound deranged. We are discussing here with respect, not with insults.
People didn't become poorer from one day to another, here in Argentina food, services and health are heavily subsidized indiscriminately with money the country does not have.
Money that until last year was printed indiscriminately as well
As the subsided amount is being reduced because there is no way to pay for it, it's understandable people will start entering the brackets for poverty.
Also, as more money is not being printed, inflation has been lowering as well.
Which has the side effects of lowering poverty as well
The current poverty index is sitting at 49% for the May -October period.
So it is clearly improving
Beyond that i don't see a reason why you ask people to not reason with others. That's basically the whole point of communication. Which I would understand if you had no argument to discuss, but you seem articulate so it does look weird.
Turns out people have forgotten the oldest rule of the internet, don't feed the troll. When I was younger I thought people like you were just uneducated, and that if I could reason with you, you were actually going to change your mind. Turns out it's not like that, you are not here to change your mind when presented with new evidence, as regular people with a pinch of self reflection do, you just want to amplify what your little echo chamber says. Trying to reason with you would be time wasted, and now I'm older and tired to just argue for the sake of it, so hard pass.
How is the difference 10% between 49% to 53% ?
It's an 8.16% increase, not 10% but still awful
Then I'd ask you to correct your comment, just to keep the information clean.
Beyond that, In the large scheme, it was bound to happen due to lifting the extremely subsidized price controls on food, rent, transportation, health and the heavily subsidized services.
It's not pretty but it had to be done.
The country was literally printing money they don't have to pay things they couldn't afford