Argentina’s inflation has slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei.
  • Shardikprime@lemmy.worldOPEnglish
    7·
    1 day ago

    The article does say it is the inflation for the month of October. It literally says MONTHLY inflation.

    The 200% is the YOY inflation, inter annual.

    For context, 2023 we ended with 211% yearly inflation rate

    It’s evident that YoY inflation curve is going to overlap with this year’s inflation.

    YoY inflation reached its peak at about 289% and it’s now at 193%, once we leave the 2023 inflation curve behind, that number won’t matter anymore

    For anyone interested, the current yearly inflation is at 107%

    107%<211%