Monthly inflation hit 12.4% following a post-primaries devaluation

The country will appeal the ruling

More than 50% went to bonds that pay whatever is the highest amount between the inflation rate and the devaluation of the peso against the US dollar

Milei had sent a letter to the Economy minister asking him to waive his legal obligation to present the bill on September 15

With price rises slowing in September, the government is confident that the current rate will stay positive in real terms

Analysts say the the devaluation of the Peso after the primaries is primarily responsible for the increase in prices

The world’s second-largest economy is doing better than people might think

The move aims to benefit workers and bolster the presidential hopeful’s prospects this October

Leading professionals warn that adopting the U.S. currency would lead to unemployment, recession, and an inflationary spiral