Argentina’s monthly inflation rate has fallen below 2 per cent for the first time in five years, a boost for libertarian President Javier Milei in his war against the country’s chronic price pressures.
Consumer prices rose 1.5 per cent in May from the previous month, the country’s statistics agency said on Thursday. This compares with 2.8 per cent in April and a 25.5 per cent high in December 2023, when Milei took office. However, annual inflation is still 43.5 per cent, one of the highest in the world.
“We have the best president in the world,” economy minister Luis Caputo said on X as he shared the figure.
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