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Argentina Logs First Week with No Inflation
in Food Prices in 30 Years

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Posted By: DVC, 6/25/2024 8:18:53 AM

For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning. A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week — something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week,

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Free market, balanced budget economics can bring a long term shambling wreck of an economy to inflation under control in a very short period.
Proof of what we need to do.

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Reply 1 - Posted by: bpl40 6/25/2024 9:06:08 AM (No. 1743237)
Capitalism works. Socialism doesn't. How many times do we have to say that?
17 people like this.

Reply 2 - Posted by: thethirdruffian 6/25/2024 11:46:29 AM (No. 1743340)
Deep State to take him out in 3. 2. 1. . . .
4 people like this.

Reply 3 - Posted by: kono 6/25/2024 12:24:40 PM (No. 1743358)
I agree that the new policies are likely to produce longer term prosperity. Let prices coast another week or two before declaring victory, though. One win does not indicate inevitable championship, nor does one loss guarantee relegation. Don't be so easily moved by variable winds...
4 people like this.

Reply 4 - Posted by: Dodge Boy 6/25/2024 1:53:38 PM (No. 1743383)
Whew. Most good for Milei. And he is still alive after this.
1 person likes this.

Reply 5 - Posted by: mifla 6/26/2024 4:50:55 AM (No. 1743665)
The libs in that country will continue to say that socialism is better than capitalism, you just aren't doing it right.
0 people like this.

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Argentina Logs First Week with No Inflation
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Posted by DVC 6/25/2024 8:18:53 AM Post Reply
For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning. A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week — something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week,
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