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Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years

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Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
News

News

Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years

2024-11-13 04:47 Last Updated At:04:51

BUENOS AIRES, Argentina (AP) — Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis.

Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%.

On an annual basis, inflation in October was 193% compared to 209% reported in September.

Milei has trumpeted falling prices in recent months as a victory in his fight against Argentina’s worst economic crisis in over two decades.

The government has promised to reduce inflation below 3% before the end of the year, something it finally did.

When he took office in December, monthly inflation surged to 25%, and despite it having gone down since, ordinary people struggle in their daily lives as the government imposed a radical economic overhaul, including the elimination of previous generous energy subsidies.

FILE - Argentina's President Javier Milei walks on the floor of the New York Stock Exchange before ringing the opening bell in New York, Sept. 23, 2024. (AP Photo/Seth Wenig, File)

FILE - Argentina's President Javier Milei walks on the floor of the New York Stock Exchange before ringing the opening bell in New York, Sept. 23, 2024. (AP Photo/Seth Wenig, File)

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At least 1 explosion outside Brazil's Supreme Court leaves 1 dead, forces evacuation

2024-11-14 08:08 Last Updated At:08:10

SAO PAULO (AP) — At least one explosion outside Brazil’s Supreme Court killed one person and forced the justices and staff to evacuate the building in the capital of Brasilia, police and firefighters said.

A police statement said an artifact exploded outside the court without providing more details. Local firefighters confirmed that one person died at the scene, but did not identify the person.

The court's justices safely left the building after the incident, which took place at about 7:30 p.m. local time, shortly after Wednesday's session finished. Jorge Macedo, a staffer at Brazil’s top court, confirmed the evacuation to The Associated Press.

Local media showed footage suggesting two blasts outside the court, with 20 seconds between the first and the second explosions.

José Chrispiniano, a spokesman for President Luiz Inácio Lula da Silva, said the 79-year-old leader was not in the neighboring presidential palace at the time of the blast.

Police blocked all access to the area where Brazil's Supreme Court, Congress and presidential palace are located.

The presidential security bureau was conducting a sweep of the grounds around the presidential palace, local press reported.

Earlier, another explosion was heard outside Brazil's Congress, but it did not cause damages.

Police vehicles are parked outside the Supreme Court in Brasília, Brazil, following an explosion, Wednesday, Nov. 13, 2024. (AP Photo/Eraldo Peres)

Police vehicles are parked outside the Supreme Court in Brasília, Brazil, following an explosion, Wednesday, Nov. 13, 2024. (AP Photo/Eraldo Peres)

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