Argentina Inflation Falls Below 2% for First Time in Five Years

Argentina’s inflation rate has eased to a new low, hitting just 1.5% in May. This marks the first time monthly price increases have been below 2% in five years and offers hope to President Javier Milei, who is attributing this positive trend to his radical economic reforms. The drop contrasts with April’s inflation rate of 2.8%, and December’s alarming 25.5% increase when Milei took office. This unexpected respite provides political momentum ahead of midterm elections later in October, but the annual inflation rate remains stubbornly high at 43.5%. 📈 💰 🌎 👨‍💼