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Residents in Buenos Aires react to monthly lowest inflation rate in two years 7 дней назад


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Residents in Buenos Aires react to monthly lowest inflation rate in two years

(14 Jun 2024) RESTRICTION SUMMARY: ASSOCIATED PRESS Buenos Aires, Argentina - 13 June 2024 ++ NIGHT SHOTS ++ 1. Various of vehicles in a downtown avenue 2. Shopper buying groceries 3. Oranges 4. Fruit and vegetables vendor checking out items 5. SOUNDBITE (Spanish) Juan Roldan, fruit vendor: "There is inflation. Before, I paid in electricity bills 50,000 ($55), and now I pay 250,000 ($277), but at least if you work, you can pay it. Of course, you make enough money to be a millionaire, but you can survive." 6. Various of food products on shelves 7. SOUNDBITE (Spanish) Adriana Canosa, dressmaker: "Supposedly there is a certain stability, they lowered inflation, everything (prices) is lowering, stabilizing but prices continue the same or worse. The taxes are excessive as if we were in Switzerland. There is an inconsistency. It's not working for me, in my finances, at all." 8. Pizza restaurant exterior 9. Empanadas on window display 10. University students talking 11. SOUNDBITE (Spanish) Tomas Romero, 21, university student: "Clearly, the prices impact you, and in recent months we have been suffering a strong price increase, but with this stabilization, a figure of 4.2% (inflation) is very encouraging, especially for what lies ahead." 12. People at a restaurant 13. Mural of soccer star Lionel Messi STORYLINE: Argentina's monthly inflation rate halved to 4.2% in May, the lowest rate since January 2022, according to the government's statistics agency. The drop continues a trend of declining prices — on a monthly basis — since January, after Milei entered office and devalued the currency. That sent annual inflation soaring toward 300%, among the highest in the world. The last time the South American country recorded a lower monthly rate was in January 2022 (3.8%). While Milei attributes the slowdown in inflation to spending cuts and the handbrake on monetary issuance, analysts and opponents warn that it is due to a sharp drop in economic activity and consumption to levels similar to the devastating crisis at the beginning of the century. The Monthly Estimator of Economic Activity (EMAE), also published by INDEC, revealed that in the first quarter of the year, the economy contracted by 5.3%. Meanwhile, retail sales fell 7.3% annually in May and have accumulated a drop of 16.2% in the first five months of the year, according to a report from the Argentine Confederation of Medium Enterprises (CAME). AP video shot by Victor R. Caivano =========================================================== Clients are reminded to adhere to all listed restrictions and to check the terms of their licence agreements. For further assistance, please contact the AP Archive on: Tel +44(0)2074827482 Email: [email protected]. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...

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