Although the yearly inflation rate is the highest it has been in decades, the monthly inflation figure decreased more than experts predicted. Javier Milei’s government has introduced strict austerity policies.
Inflation in Argentina slowed for the fourth consecutive month, despite an annual rate nearing 300%, official data showed on Tuesday.
The monthly inflation rate rose at 8.8%, compared to 11% in March.
This is seen as a victory for President Javier Milei who took office in December with monthly inflation at a peak of over 25%, promising to address the rising costs.
Makes sense. The interanual inflation curve little by little is going to stop overlapping with the past year inflation curve.
As a color note, by may 2023, Argentina had an accumulated inflation of 114% approx. The current accumulated is about 60% so that’s pretty good news.