Shardikprime@lemmy.world to World News@lemmy.worldEnglish · 9 days agoArgentina's monthly inflation drops to 2.7%, the lowest level in 3 yearsapnews.comexternal-linkmessage-square20fedilinkarrow-up191arrow-down111
arrow-up180arrow-down1external-linkArgentina's monthly inflation drops to 2.7%, the lowest level in 3 yearsapnews.comShardikprime@lemmy.world to World News@lemmy.worldEnglish · 9 days agomessage-square20fedilink
minus-squareShardikprime@lemmy.worldOPlinkfedilinkEnglisharrow-up7arrow-down3·edit-28 days agoThe article does say it is the inflation for the month of October. It literally says MONTHLY inflation. The 200% is the YOY inflation, inter annual. For context, 2023 we ended with 211% yearly inflation rate It’s evident that YoY inflation curve is going to overlap with this year’s inflation. YoY inflation reached its peak at about 289% and it’s now at 193%, once we leave the 2023 inflation curve behind, that number won’t matter anymore For anyone interested, the current yearly inflation is at 107% 107%<211%
The article does say it is the inflation for the month of October. It literally says MONTHLY inflation.
The 200% is the YOY inflation, inter annual.
For context, 2023 we ended with 211% yearly inflation rate
It’s evident that YoY inflation curve is going to overlap with this year’s inflation.
YoY inflation reached its peak at about 289% and it’s now at 193%, once we leave the 2023 inflation curve behind, that number won’t matter anymore
For anyone interested, the current yearly inflation is at 107%
107%<211%