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Nairaland Forum / Nairaland / General / Politics / How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months (1935 Views)
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How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by renythyly: 4:37pm On May 19 |
If they tell you that whoever won 2023 election would not have made any difference in our economy, call them liars! The president of Argentina has massively reduced inflation from 3 digits to single digits in only 5 months! Some moral lessons Nigerians can learn here 1. School is not scam 2. Tinubu is not a trained economist or accountant as he claimed during elections, he's either an intellectual imposter or most likely a huge fraud. 3. Economics is not rocket science, it is a real science that can only be practised by serious people if you want result. Happy sunday https://www.reuters.com/world/americas/argentina-monthly-inflation-seen-back-single-digits-april-2024-05-13/ 18 Likes 6 Shares
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Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by BigBlackPreek(m): 4:40pm On May 19 |
That's just the ways it is 10 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by lazkizz(m): 4:41pm On May 19 |
Bro .... pls let him school master strategies A.k.a I will , we shall , we would Pls feel free to add ur own 14 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by renythyly: 4:42pm On May 19 |
BigBlackPreek:One old man in Katsina said one year is too little for bat to perform magic But the problem is, bateria is not even reducing inflation or at least leaving it where he met it, he's increasing it massively month after month 16 Likes 3 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by chopnaira: 4:43pm On May 19 |
renythyly:Are you mixing up monthly with annual? 3 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by BigBlackPreek(m): 4:44pm On May 19 |
Confused and clueless government 🏌️ renythyly: 3 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by renythyly: 4:45pm On May 19 |
chopnaira:No, maybe read the article first, you will understand better. I'm intrested in the monthly inflation rate, not the annual rates. |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by chopnaira: 4:46pm On May 19 |
renythyly: 6 Likes
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Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by chopnaira: 4:47pm On May 19 |
And from the article, annual inflation is now close to 300%. Which shows that it's still rising especially from the 211% you posted as screenshot You are confusing monthly inflation to annual inflation. 13 Likes 2 Shares
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Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by psucc(m): 4:51pm On May 19 |
Tinubu build Lagos and now to build Nigeria, cement come finished. The presidency has exposed the kind of administration Tinubu ran in Lagos - tax, tax,tax Now Sanwo-Olu has added demolition to the equation 12 Likes 4 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by ClearFlair: 4:52pm On May 19 |
renythyly: @helinues @Yarimo @freestuffsng @Biodun556 3 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by renythyly: 4:54pm On May 19 |
chopnaira: Monthly inflation rate is used month on month. I believe if you're using annual rates, you'll need a previous year as benchmark at least. You'll have to wait for the end of 2024 to use that rate you want to use if you want it to work. Do you understand? If you want to measure price change in the immediate, it's month on month. 11 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by muhammaduyusufu: 4:55pm On May 19 |
renythyly: renythyly:Then why did you post a screenshot not 211.4%? You even lied that he brought inflation down from 3 digit to 1 digit in 5 months!!! You are a real proof of the your own saying that education is not a scam. 23 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by muhammaduyusufu: 4:56pm On May 19 |
chopnaira:OP has zero clue of what he posted. 19 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by nlreserve: 4:57pm On May 19 |
lazkizz:na their normal way be that. And when they make such empty promises, their supporters like helinues and yarimo would be hailing them 2 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by CodeTemplar: 4:57pm On May 19 |
Abracadaba policies caused it. Acceleration/deceleration rate of the inflation or the year-on-year rate? 1 Like |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by MEEVEET: 4:57pm On May 19 |
The funny thing is this is easy to do very easy All you need to do is to reduce lending interest from CBN to banks... To say 2% as long as they meet certain criteria 1) loan must be to the real sector import substitute produce and export produce As long as product is produced below landing cost for import substitute and average internation price for export produe 2) reduce import duty for raw materials such as steel, fabric, grains, and chemicals 3) streamline export process and remove completely export duty 4) suspend all unnecessary infrastructural projects... Just focus on education, health n maintaining roads It's not rocket science this is what Peter Obi has been saying since 2019 8 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by DeLaRue: 4:57pm On May 19 |
You are wrong. What you're quoting is monthly inflation of 9%. The annual inflation is still close to 300%, the highest inflation rate in the world. Whereas Nigeria's annual inflation is less than 40%. Nigeria is in a better position than Argentina. https://www.reuters.com/world/americas/argentina-monthly-inflation-seen-back-single-digits-april-2024-05-13/ It is like Nigeria's annual inflation which I think is 34%, but monthly inflation is probably no more than 4%. The monthly figure does not change the fact that annual inflation which is the one that is most commonly quoted in the media is 34%. To be clear, annual inflation in Argentina is still close to 300%. In Nigeria, it is less that 40%. Which is better? 6 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Goodvibes007: 4:58pm On May 19 |
This thread is a proof that Obidients are very dull. We can see some of his fellow Obidients thinking inflation was brought down from 3 digit to 1 digit I. 5 months LMAO. 23 Likes 2 Shares |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by renythyly: 4:58pm On May 19 |
muhammaduyusufu:Do you have problems grasping the post title, the quoted source (reuters) or the attached screenshot? I can break it down but I need to be sure you're not related to muhamadyusuf the founder of boko haram, because his followers don't believe in western education. 3 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Goodvibes007: 5:00pm On May 19 |
renythyly:Guy you are an olodo. Collect your L in peace. 7 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Goodvibes007: 5:00pm On May 19 |
chopnaira:That is exactly how he is confusing himself. 4 Likes 1 Share |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Splashme: 5:41pm On May 19 |
Criminals in Aso Rock calling themselves leaders |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Tap0lane: 5:46pm On May 19 |
All this your listed who among Obi n Atiku is an economist ? Tinubu you are vilifying 2ith your foolish mouth come closest to being an economist as an accountant so 2hat exactly is your point ? renythyly: |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by AcadaWriter: 7:11pm On May 19 |
That's just the ways it is |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Paraman: 8:09pm On May 19 |
renythyly:The inflation rate in Argentina is presently above 250% In Nigeria it's less than 40% 3 Likes |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Caleb15(m): 10:02pm On May 19 |
ClearFlair:Na the Same person you Mention bros! |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Mrexcell(m): 11:42pm On May 19 |
The people this post is made for are too dumb to comprehend it all. 1 Like |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by ogmask: 11:53pm On May 19 |
Millei is not in same class as Tinubu. What the guy did can only be likened to what the elsavador man did against dangerous gangs. Give Tinubu another 4 years and watch how Nigeria becomes South Sudan. |
Re: How Millei Dropped Argentina Monthly Inflation From Over 200% To 9% In 5 Months by Buccalcavity2: 1:06am On May 20 |
Exactly how the op reasons is how PO thinks. Very dull set of people. Yet they are the loudest! And they call this opposition? Shame! |
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