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that part is really confusing - it's down 20.6% to 254% from 257%?
Just below the forecast
Actuals:
2024 Annual Inflation:
254%Jan ‘24 Monthly Inflation:
20.6%Dec ‘23 Monthly Inflation:
25.5%Predictions:
2024 Annual Inflation:
257%, est.Jan ‘24 Monthly Inflation:
21%, est.Assuming Argentina government data is accurate,
1.) inflation is stabilizing (decreasing) over time
2.) inflation is beating analyst forecasts
Tragically high inflation but at least not going in the wrong direction at the moment.
It was 254% and inflation dropped from 25.5% the month prior to 20.6%. inflation had been forecasted to hit 21% that month and 257% for the year is my interpretation of what you posted.
Inflation is a measure of growth, when they say inflation is down they mean it's growing less.
254% was the actual annual inflation.
257% was the predicted annual inflation, 21% was the predicted monthly. There was no rolling annual amount given for the month prior only the monthly rate of 25.5%.