# In Country Where Houses Are Bought in $100 Bills, Plans for Sweeping Change

> Meat prices in Argentina rose about 5% after Javier Milei won the presidency, while the street value of the peso fell 12%, hurting consumers' purchasing power. The article describes household effects of currency weakness in Buenos Aires.

- Date: 2023-11-24 · published 2023-11-24T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/33462-in-country-where-houses-are-bought-in-100-bills-plans-for-sweeping-change
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Peso weakness raises local food inflation, which is a background factor for Argentine domestic livestock and feed demand but has little direct effect on world feed prices.

## Read by commodity

- USDARS: bearish ▼

## Sources

- nytimes.com: https://www.nytimes.com/2023/11/24/world/americas/argentina-economy-peso-dollar-javier-milei.html

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