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Argentina's Inflation Drops to 1.5%, Hope for Milei

6/13/2025

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Summary

Story summary

Argentina's inflation rate plummeted to 1.5% in May, the lowest in three years, offering a glimmer of hope for President Javier Milei as elections loom. While annual inflation stands at 43.5%, the government credits seasonal changes, tax cuts, and retail discounts for this drop, even as citizens grapple with stagnant wages and rising discontent.

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Story summary

Argentina's inflation rate plummeted to 1.5% in May, the lowest in three years, offering a glimmer of hope for President Javier Milei as elections loom. While annual inflation stands at 43.5%, the government credits seasonal changes, tax cuts, and retail discounts for this drop, even as citizens grapple with stagnant wages and rising discontent.