Shardikprime@lemmy.world to World News@lemmy.worldEnglish · 3 days agoArgentina's monthly inflation drops to 2.7%, the lowest level in 3 yearsapnews.comexternal-linkmessage-square20fedilinkarrow-up199arrow-down116
arrow-up183arrow-down1external-linkArgentina's monthly inflation drops to 2.7%, the lowest level in 3 yearsapnews.comShardikprime@lemmy.world to World News@lemmy.worldEnglish · 3 days agomessage-square20fedilink
minus-squareGissaMittJobb@lemmy.mllinkfedilinkEnglisharrow-up39arrow-down1·2 days agoNote that this is monthly, not yearly as is usually reported for other countries. Argentinian inflation is not the same beast we’re dealing with in most of the rest of the world. The yearly number is closer to 200% as reported by the article.
minus-squareShardikprime@lemmy.worldOPlinkfedilinkEnglisharrow-up7arrow-down3·edit-22 days agoThe 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%
Note that this is monthly, not yearly as is usually reported for other countries. Argentinian inflation is not the same beast we’re dealing with in most of the rest of the world. The yearly number is closer to 200% as reported by the article.
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%