Argentina inflation slowed for a second straight month to 2.1 percent in May, the lowest monthly figure in eight months and a boost for President Milei.
Monthly inflation fell to 2.1%, annual rate 33% vs 200% two years ago—Milei's stabilization plan works. Currency stability improves Argentina-risk for foreign investors and tech outsourcing; wage losses and jobless growth, however, mean household purchasing power trails the inflation gains.
Argentina · Economy
Key Facts
—The number. Prices rose 2.1% in May, down from the month before.
—The streak. It marks a second straight monthly slowdown and an eight-month low.
—The yardstick. Yearly inflation sits near 33%, down from triple digits two years ago.
Argentina's inflation slows to 8-month low in a boost for President Milei
Argentina’s inflation slows to 8-month low in a boost for President Milei
Argentina's inflation slows to lowest level since September as Milei's austerity bet shows signs of life
Inflation in May drops to 2.1%, lowest figure since August - Buenos Aires Herald
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Economic data has shown Argentina’s inflation slowing for the second straight month in May. The Thursday government report…
BUENOS AIRES, Argentina (AP) — Argentina's inflation slowed for the second straight month in May, economic data released Thursday…
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In 1.5 years, Milei has radically cut inflation, but Argentina is one of the most expensive countries in Latin America.
