BREAKING: #Argentina’s inflation slows to 4.2%, the lowest monthly increase in 2 years. 🇦🇷 
Discussion
In one month.. Be more impressive if it rolls monthly.. AND if he made Bitcoin legal tender!
I think bitcoin is not in the plans
nostr:note1rmrs0s70yq5red0pxwqg8klqetltxekn6fpacc3qr6czkgetjqvqytz7rs
So x12 is that 50% per year?
Man, that's rough. That's still 64% annual. We in America have had a nasty 10% annual since 2017, and wages have not kept up, but 4.2%/mo being low is astounding.
Indeed, it’s still very high compared to other countries. However, compared to inflation rates before, it’s still impressive. I read a lot about Weimar and Zimbabwe and catching high inflation once it’s running hot is almost impossible. So, though Inflation looks still high for us, it looks like trust is returning in Argentin’s currency nevertheless.
I don't know the numbers off the top of my head, but I seem to recall Argentina's inflation was regularly doubling monthly. My point is that 4.2% can hardly be called sustainable or livable. You basically still have to hold zero pesos and only foreign currency or physical commodities.