Argentina's on a cooling streak for the fifth straight month to 4.2% down from 25% in December, amid a tough austerity drive by libertarian President Javier Milei.
Who would have thought slashing government jobs and expenditure would result in a drop in inflation, no one could have predicted this, it's almost as if Government's are directly responsible for inflation
https://www.reuters.com/markets/europe/eating-is-luxury-argentina-inflation-falls-shoppers-still-feel-squeezed-2024-06-13/
They have also lowered interest rates significantly.
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Can't be having too much disinflation now can we?
Higher rates cause inflation because the government prints to pay the interest.
