Unprecedented Drop in the Basic Food Basket in May 2025 in Argentina
In May 2025, Argentina's Basic Food Basket (CBA) registered a 0.4% decrease, an unprecedented event since INDEC resumed the data series in 2016. This drop is mainly explained by a sharp reduction in the prices of fruits and...
They need to redo the inflation index! So many things need to be changed out. Real inflation is much higher. Even INDEC agrees it needs to be changed.
https://finance.yahoo.com/news/milei-inflation-miracle-distorted-obsolete-134016116.html
Salaries continue their upward trend.
Salaries increased by 4.6% in October 2024 and again outperformed inflation (2.7 %) for the 7th consecutive month, according to INDEC.
In the first 10 months of the year, salaries rose 129.2% against inflation of 107%
Just deplorable that so many are earning so little. 70% earning less than 550,000 pesos per month. Less than $500 dollars a month.
https://www.batimes.com.ar/news/economy/70-of-workers-in-argentina-were-earning-under-550000-pesos-a-month-in-june.phtml
According to Indec, in July wages were 3.5 points higher than inflation - Infobae
Source:
https://www.infobae.com/economia/2024/09/27/segun-el-indec-en-julio-los-salarios-le-ganaron-por-35-puntos-a-la-inflacion/
September 26, 2024
Both formal private sector workers, state workers and...
Things not working out as planned for Milei. And some are like firing 525,000 employees in the first 3 months of his Presidency.
https://finance.yahoo.com/news/milei-austerity-plan-pushes-argentina-191325209.html?_fsig=QFIvvoyFKUlHtNw3un3MbQ--%7EA...
In April, inflation ended in single digits for the first time in 5 months, according to private consulting firms - Infobae
Source:
https://www.infobae.com/economia/2024/04/30/en-abril-la-inflacion-finalizo-en-un-digito-por-primera-vez-en-5-meses-segun-las-consultoras-privadas/
April 30...
Surprising data emerge on the evolution of core inflation in April and there are already sectors with deflation - Infobae
Source:
https://www.infobae.com/economia/2024/04/25/surgen-datos-sorprendentes-sobre-la-evolucion-de-la-inflacion-nucleo-en-abril-y-ya-hay-sectores-con-deflacion/
April...
Indec publishes February inflation today: analysts predicted 15% but the Government expects lower data - Infobae
Source:
https://www.infobae.com/economia/2024/03/12/el-indec-publica-hoy-la-inflacion-de-febrero-los-analistas-pronosticaron-un-15-pero-el-gobierno-espera-un-dato-menor/
March...
January inflation continues to show signs of deceleration, especially in food - Infobae
Source:
https://www.infobae.com/economia/2024/01/23/la-inflacion-de-enero-continua-dando-senales-de-desaceleracion-en-especial-en-los-alimentos/
January 23, 2024
FILE PHOTO: A woman shops in a...
A family needed $495,798 to not be poor in December: what was the increase in the basic basket in 2023 - Infobae
Source:
https://www.infobae.com/economia/2024/01/15/una-familia-necesito-495798-para-no-ser-pobre-en-diciembre-cual-fue-el-aumento-de-la-canasta-basica-en-2023/
The increase was...
The ridiculous Economy Minister Amado Boudou says "inflation only affects the mid and upper class".
Trade Secretary Moreno says 2010 will experience only a 10/11% increase and that the Government economic mouthpiece Indec has the "The one" real way of measuring inflation (not the World wide...