In Argentina, inflation is at 280%, leading the central bank to reduce interest rates from 50% to 40%. Buenos Aires City subway fare has surged by 360% as part of austerity measures under President Javier Milei, causing significant social impact.
Subway fares in Buenos Aires just jumped 360%, amid budget cuts that were expected to ignite unruly dissent. But “a funny thing happened on the way to the social uprising,” I wrote in @WPReview. “Six months into Milei’s radical experiment,” everything is pretty calm in Argentina. https://t.co/8f2gvgO8fQ
Milei is exceeding expectations, slashing spending and lowering inflation. But the social costs are high, I wrote in @WPReview. Meat consumption fell 18% in the first four months of the year, and nearly 1 in 2 Argentines say their salary no les permite llegar a fin de mes. https://t.co/r1hEwjtO2B
Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina https://t.co/6GfRCyBp2j
Commuters in Buenos Aires on Friday were hit by an abrupt 360 percent increase in subway fares, one of the most dramatic price hikes in libertarian President Javier Milei‘s harsh budget austerity campaign in Argentina. https://t.co/t8mKKJa8kM
Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina (from @AP) By @IsabelDeBre https://t.co/Fw9hFuiapx
Buenos Aires metro fare jumps 360% amid Argentina’s harsh austerity measures https://t.co/OfP3IJW5a5
Buenos Aires City subway fare rises to AR$574 🚇 Fares will rise again in June and August, taking the price of one ride to AR$757 https://t.co/gtYCAINJLr
Inflation is running at around 280% in Argentina and the central bank decided to cut interest rates from 50% to 40% yesterday. I thought the Milei government were hard money types that wanted to stamp out inflation. Instead they're massively lowering rates as inflation rises. 🇦🇷 https://t.co/4vdvFocHg5