Argentina: Inflation declined for the first time in about a year
The National Statistics Agency reported yesterday, Thursday, that the rate of Monthly inflation in Argentina fell to 2.6% in April, its lowest level in about a year, in a development welcomed by President Javier Mele, who is known for his austerity policies.
Curbing inflation is a major goal of Mele, who took office in December 2023, pledging at the time to revive the economy by reducing public spending.
Decrease in purchasing power and decrease in spending
And while Argentina recorded the first Redundant The budgetin the year 2024 after ten years of deficit, but this came at the expense of a decline in purchasing power, the elimination of jobs, and a decrease in spending.
Mili had devalued the Argentine peso by more than 50%, reduced spending and frozen budgets, which contributed to reducing annual inflation from 211.4% in December 2023, to 117.8% in December 2024.
He witnessed The price index for goods and services has shown a monthly upward trend since May 2025, reaching a peak of 3.4% last month.
Melley described this development as a return to Normal Mode, adding via XN: "Inflation has slowed despite coup attempts by the opposition and the war in the Middle East that has shaken the global economy"
However, Milley told the broadcast channel "Neura" He later said that he would only be satisfied when the number reached zero.
Cumulative inflation reached 32% over the past year, a level that Argentines still consider high.
The national statistics agency (INDEC) reported that the cost of transportation rose by 4.4% this month.
According to the economist "Guido Zack"then: "People don’t actually feel the decline in inflation, mainly because wages have lagged behind the pace of price increases".
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