David Farrar: Milei winning battle against inflation

President Milei of Argentina took office just 10 months ago when monthly (not annual) inflation was at a massive 25.5%. This means that every week your groceries cost 6% more than the week before. Within that one month they cost a quarter more.

Monthly inflation has now dropped to 2.7%. Still too high by our standards, but almost a miracle for Argentina.

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Milei haș done it by austerity and deregulation. He abolished various ministries. After 13 years of deficits he achieved a surplus in six months. The currency was deregulated.

All this huge economic success sees the media regularly refer to him as controversial, while lauding left wing politicians who achieve nothing but say the right things.

David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders.