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Inflation, Argentina's perpetual scourge and Milei's top priority upon coming to office, slowed from a monthly rate of 25.5% in December 2023 to just 2.7% in October — its lowest level in three ...
[citation needed] In 2022, Argentina's inflation rate reached 100%, and in November 2023 reached 143%, with 55% of children in Argentina living below the poverty line and more than 18 million citizens not being able to afford basic goods as of 2023. [22]
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 ...
In November 2024, Argentina's monthly inflation rate slowed to 2.4%, the lowest in over four years. Annual inflation was expected to end 2024 closer to 100%. [197] Favourable results and normalization in Argentina’s economy are expected to continue in 2025. The annual inflation rate, which was 211% in 2023, is expected to be below 30% in 2025.
Argentina's annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency. The data reflects the ...
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [41] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [ 42 ] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [ 43 ]
Argentina's annual inflation could hit 100.3% this year, according to an analysts survey published by the country's central bank on Thursday, jumping 5.3 percentage points from the previous estimate.
Argentina's consumer price index rose 4.6% in June, slightly up from the rate of 4.2% in May, ending a five-month trend of cooling inflation that experts had attributed to a deepening recession brought about by Milei's harsh austerity. The International Monetary Fund predicts a 2.8% contraction this year.