# Javier Milei’s first week in power: Skyrocketing prices, threats of repression and calm in the financial markets  | International | EL PAÍS English

> Argentina's new president Javier Milei began implementing his program in his first week, with a currency devaluation that drove prices sharply higher. Financial markets stayed calm, while labor and student unions announced mass protests and new security protocols were introduced.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/33000-javier-milei-s-first-week-in-power-skyrocketing-prices-threats-of-repression
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Domestic inflation and social unrest mainly affect Argentine consumers and domestic feed costs, with limited direct effect on world grain prices. The devaluation mechanism remains relevant for export flows.

## Sources

- english.elpais.com: https://english.elpais.com/international/2023-12-18/javier-mileis-first-week-in-power-skyrocketing-prices-threats-of-repression-and-calm-in-the-financial-markets.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.