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Argentina Inflation Slows to Lowest Level Since 2021 Under Milei.
- Source :
- Bloomberg.com; 10/10/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Argentina's monthly inflation rate in September was the lowest it has been since late 2021, marking a significant achievement for President Javier Milei, who has made reducing price increases a priority. Consumer prices rose by 3.5% in September, slightly below economists' expectations. Milei has implemented measures such as reducing import taxes and narrowing the gap between official and parallel exchange rates to combat inflation. He has also made subsidy cuts, resulting in higher train fares and utility prices. Economists predict that annual inflation will continue to decrease in the coming months. [Extracted from the article]
- Subjects :
- CAPITAL controls
PRICES
GOVERNMENT aid
ELECTRICITY pricing
IMPORT taxes
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180198721