Posted 12/11/2023, 3:31:10 PM
Milei Takes Office as Argentina Braces for More High Inflation Data
- Argentina's November inflation likely spiked to 12%, according to a Reuters poll of analysts
- This will be the first monthly inflation data under new libertarian President Javier Milei
- Milei has warned inflation could climb to 15,000% without control measures and said his government will fight "tooth and nail" to bring it down
- Milei suggested monthly inflation could be 20-40% in coming months due to outgoing government leaving country on course for hyperinflation
- Milei has put together mainstream cabinet focused on sharp cuts to public spending to reverse fiscal deficit