Shock Capitalism Is Working in Argentina

Here’s a good news headline of the day:

It has been a historic week for Argentina. A country known for its high inflation has just experienced its first week without price increases in food and beverages in three decades, according to private consulting firm Econométrica.

In other words: for each of the past 30 years, food and beverage prices have done nothing but increase, until the third week of June 2024, where they remained the same as the previous one.

The director of the consulting firm, Ramiro Castiñeira, shared graphs on social media displaying the downward trend of food inflation during the last months, until finally reaching 0%:

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