Argentina, a country historically plagued by high inflation, has just experienced a landmark week. For the first time in three decades, there were no price increases in food and beverages, according to the private consulting firm Economtrica. This remarkable event occurred in the third week of June 2024, marking a break from a 30-year trend of continuous price hikes in these categories.Ramiro Castieira, the director of Economtrica, shared graphs on social media illustrating the declining trend of food inflation over recent months, culminating in a 0% increase: An analysis of 8,000 online supermarket prices revealed a projected monthly increase of 3% for food prices. However, overall inflation, which includes non-food items, is expected to be higher in June compared to May, primarily due to rising tariffs, according to a study reported by Infobae. President Javier Milei also shared the news on social media. Since taking office in December, the libertarian leader has prioritized the battle against inflation. He inherited an economy with an annual inflation rate of 142%, declining economic activity, and record debt levels. This recent development is a significant achievement in Milei’s ongoing efforts to stabilize Argentina’s economy. Inflacin cero la ltima semana.Inflacin 0,1% la ltima quincena. pic.twitter.com/HBCMzz0xhV Ramiro Castieira (@rcas1) June 23, 2024 For the first time in 30 years Argentina has 0% inflation in food. @JMilei deserves is becoming the most successful western leader since the fall of the Berlin Wall. Por primera vez en 30 aos Argentina marca una inflacin de 0% en alimentos. Milei se est convirtiendo en lder pic.twitter.com/ZDEHF1sRnW AXEL KAISER (@AXELKAISER) June 24, 2024 Argentina’s inflation hits 0% for the first time. Libertarian economics is powerful. If the United States returned to its roots, we could see these same results. For now, we can only enjoy seeing Javier Milei restoring his nation to its status as a great and powerful nation, as https://t.co/1sNrJ6IYCr Austin Petersen (@AP4Liberty) June 24, 2024 The post Argentina records first week without food inflation in 30 years, 6 months after new President’s inauguration appeared first on www.adng.ng Get free adverts. An Ad search engine .
Argentina, a country historically plagued by high inflation, has just experienced a landmark week. For the first time in three decades, there were no price increases in food and beverages, according to the private consulting firm Economtrica. This remarkable event occurred in the third week of June 2024, marking a break from a 30-year trend of continuous price hikes in these categories.Ramiro Castieira, the director of Economtrica, shared graphs on social media illustrating the declining trend of food inflation over recent months, culminating in a 0% increase: An analysis of 8,000 online supermarket prices revealed a projected monthly increase of 3% for food prices. However, overall inflation, which includes non-food items, is expected to be higher in June compared to May, primarily due to rising tariffs, according to a study reported by Infobae. President Javier Milei also shared the news on social media. Since taking office in December, the libertarian leader has prioritized the battle against inflation. He inherited an economy with an annual inflation rate of 142%, declining economic activity, and record debt levels. This recent development is a significant achievement in Milei’s ongoing efforts to stabilize Argentina’s economy. Inflacin cero la ltima semana.Inflacin 0,1% la ltima quincena. pic.twitter.com/HBCMzz0xhV Ramiro Castieira (@rcas1) June 23, 2024 For the first time in 30 years Argentina has 0% inflation in food. @JMilei deserves is becoming the most successful western leader since the fall of the Berlin Wall. Por primera vez en 30 aos Argentina marca una inflacin de 0% en alimentos. Milei se est convirtiendo en lder pic.twitter.com/ZDEHF1sRnW AXEL KAISER (@AXELKAISER) June 24, 2024 Argentina’s inflation hits 0% for the first time. Libertarian economics is powerful. If the United States returned to its roots, we could see these same results. For now, we can only enjoy seeing Javier Milei restoring his nation to its status as a great and powerful nation, as https://t.co/1sNrJ6IYCr Austin Petersen (@AP4Liberty) June 24, 2024 The post Argentina records first week without food inflation in 30 years, 6 months after new President’s inauguration appeared first on www.adng.ng Get free adverts. An Ad search engine .