The embattled South American country likely saw the consumer price index, or CPI, advance 9% in the fourth month of the year, the median response from 22 analysts showed, down from 11% in March and well below a peak above 25% in December. Libertarian President Javier Milei, an economist and former pundit, has sought to squeeze liquidity in the markets with tough austerity measures since taking office on Dec. 10, cutting state spending and stopping central bank funding of the Treasury. Argentina’s monthly inflation rate likely dipped back into single digits for the first time in half a year in April. Why do you think that some countries records very high inflation rates ?

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