Argentina’s annual inflation is 254%/mil: it would have been worse if I hadn’t been there
| Official data shows annual inflation in Argentina has reached 254 percent, but the country's far-right president claims the situation would have been much worse if not for his "shock therapy" policies. |
According to Webangah News quoted by Mehr News Agency, citing France 24, the latest official data shows that annual inflation in Argentina reached 254% in January; This number is the highest number in the last three decades.
The Statistics Organization of Argentina announced last Wednesday that Argentina’s monthly inflation decreased slightly in January. However, the price of basic goods and services increased by 254 percent compared to the same period last year.
Xavier Miley, the new and right-wing president of Argentina, with the slogan of “shock therapy” and the reform and restoration of this country’s economy He won the recent presidential elections in Argentina, but Xavier Milli’s reforms have so far reduced the value of the country’s currency against the US dollar by 50% and increased the key interest rate by 133%.
In a televised interview, he said about this rate of inflation in Argentina: If someone compares these figures alone and separately Of all things, it is terrible. And indeed, it is, but you have to see where we were and what the process was.
According to Argentina Statistics Organization, monthly inflation reached 20.6% in January, which is less than 25.5%. It was a percentage in December. Annual inflation in December was 211%.
Latin America’s third largest economy is still facing a relentless inflation crisis, and Xavier Milli claims that with What he called “shock therapy”, the economic situation will improve.
According to official statistics, the cost of transportation increased by 26.3 percent in January, while goods and services increased by 44.4 percent. But Argentina’s President once again claimed that “if he did not implement new policies, economic activity would have decreased much more.”
The new president Arantin on December 20 after taking the oath in his inauguration ceremony held yesterday In a short speech, he warned the people of this country about the worsening of the economic crisis! Milli warned that after a century of leftist rule, it will not be easy to recover and restore Argentina’s damaged economy.
According to him, austerity measures, including a significant and immediate reduction of government expenses, are necessary and these measures will lead to the aggravation of economic conditions in the short term. Today is the beginning of a new era for Argentina. Today, a long and sad history mixed with decline and fall has ended and we have started the path of rebuilding our country.
Mili reminded that Argentina’s annual inflation rate is 143% (in December) and the country’s trade deficit is 43 billion dollars, and in addition, 45 billion dollars It owes money to the International Monetary Fund. According to him, “the government, like many citizens of Argentina, is bankrupt, and the payment of an installment of 10.6 billion dollars is due in April. One out of four Argentines live in poverty, and the country’s economy is headed for its sixth recession in a decade.”
