this post was submitted on 17 Feb 2024
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A week ago, 20 kilograms (44 pounds) of pasta was enough to feed the dozens of families who visit the Sal de la Tierra soup kitchen in Villa Fiorito, a poor Buenos Aires suburb beset by the economic crisis ravaging Argentina. But with monthly inflation topping 20%, the number of hungry residents has soared. This week, the soup kitchen, which relies on private contributions and volunteer work, had to prepare 30 kg of pasta.

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[–] [email protected] 4 points 9 months ago (4 children)

Argentina's statistics agency on Wednesday published annual inflation of 254% as January inflation edged down to 20.6% from 25.5% a month earlier, just below forecasts of 257% and 21% according to analysts polled by Reuters.

that part is really confusing - it's down 20.6% to 254% from 257%?

[–] [email protected] 2 points 9 months ago

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.

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