vga@sopuli.xyz to World News@lemmy.worldEnglish · 19 days agoArgentina inflation tumbles to five-year-low 1.5% in boost for Mileiwww.reuters.comexternal-linkmessage-square2fedilinkarrow-up11
arrow-up11external-linkArgentina inflation tumbles to five-year-low 1.5% in boost for Mileiwww.reuters.comvga@sopuli.xyz to World News@lemmy.worldEnglish · 19 days agomessage-square2fedilink
minus-squareTroy@lemmy.calinkfedilinkEnglisharrow-up0·19 days ago1.5% per month. Don’t compare directly to your home country’s annual inflation yet. Unless you’re Turkey or Russia.
minus-squareHumanius@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-219 days agoConverting that to a yearly inflation figure: 1.01512 =~ 1.196 So about 19.6% yearly, assuming it will stay at 1.5% monthly for the next year. By Argentinian standards that is honestly not too bad
1.5% per month. Don’t compare directly to your home country’s annual inflation yet. Unless you’re Turkey or Russia.
Converting that to a yearly inflation figure:
1.01512 =~ 1.196
So about 19.6% yearly, assuming it will stay at 1.5% monthly for the next year.
By Argentinian standards that is honestly not too bad