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2024-06-25 Caribbean-Latin America
Argentina Logs First Week with No Inflation in Food Prices in 30 Years
[Breitbart] For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning.

A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week — something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week, the study found that the prices of food and drinks only experienced an increase of 0.1 percent in the past 15 days.

President Milei, who is currently in Prague, confirmed the study’s findings on Monday morning in a telephone interview held with Argentina’s Radio Mitre, celebrating the news as a result of his economic policies.

"That means that we are on the right path — which there is still a long way to go, but the first signs that things are working are beginning to appear," Milei told Argentine journalist Eduardo Feinmann.

"I sometimes present it, explain it, but, well, I have encountered in recent times gross levels of intellectual dishonesty. Because we all know that wholesale inflation is the one that predicts and anticipates retail inflation and the reality is that inflation in December when we arrived was 54 percent, that annualized gives 17,000," he continued.

Milei added, "it also speaks of the misery or incompetence of other colleagues, doesn’t it? But the truth is that there is no country in the world where we are not recognized for our titanic task in terms of lowering inflation."
Posted by Besoeker 2024-06-25 00:00|| || Front Page|| [11132 views ]  Top

#1 Starve the Leviathan that is government.
Posted by Procopius2k 2024-06-25 07:17||   2024-06-25 07:17|| Front Page Top

#2 As the head of a minority party to rule Argentina, somehow Milei has worked wonders.
Posted by Huputle+Cherelet4131 2024-06-25 08:35||   2024-06-25 08:35|| Front Page Top

#3 That’s going to confuse some shoppers and put sore repricers on layoff.
Posted by Super Hose 2024-06-25 10:18||   2024-06-25 10:18|| Front Page Top

#4 So there is such a thing as Good Luck?
Posted by swksvolFF 2024-06-25 10:49||   2024-06-25 10:49|| Front Page Top

#5 Fact Check: Karine Jean-Pierre Claims Grocery Prices Went Down Under Biden
Posted by Skidmark 2024-06-25 13:51||   2024-06-25 13:51|| Front Page Top

#6 Maybe the 16 economists should visit Argentina 🇦🇷
Posted by Airandee 2024-06-25 16:32||   2024-06-25 16:32|| Front Page Top

22:26 DarthVader
22:21 Skidmark
22:18 Skidmark
22:06 SteveS
22:02 Pancho Poodle8452
21:44 Skidmark
21:40 Skidmark
21:09 Airandee
20:42 Woodrow
20:19 swksvolFF
20:17 swksvolFF
18:46 Grom the Affective
18:40 DooDahMan
18:34 Frank G
18:25 Frank G
18:22 Grom the Affective
18:11 trailing wife
18:06 Hellfish
17:49 Grom the Affective
17:19 Abu Uluque
17:04 Abu Uluque
17:02 swksvolFF
16:48 Grom the Affective
16:46 Grom the Affective









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