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Economy

progree

(11,498 posts)

1. 5.1% inflation in December - ughh, annualized that's 81.6%

Reply to peppertree (Original post)

Sat Jan 14, 2023, 10:17 PM

Jan 2023

Official figures show consumer prices jumped by 94.8% in the 12 months to the end of December.

... On a monthly basis, Argentina's monthly inflation rate stood at 5.1% in December.

1.051^12 - 1 = 0.816 = 81.6%. So that's not all that much below the 94.8% year over year.

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Argentina sees prices almost doubling last year [View all] peppertree Jan 2023 OP

5.1% inflation in December - ughh, annualized that's 81.6% progree Jan 2023 #1

In Argentina, it's often a matter of "it can always be worse" peppertree Jan 2023 #2