Argentina Inflation Hits Slowest Since Pandemic in Win for Milei
BloombergMAY 30
Argentina's Monthly Inflation Falls to 1.5%, Lowest Pace in Five Years
Above: Argentine President Javier Milei addresses the Madrid Economic Forum 2025 on June 8, 2025. Image copyright: Diego Radames/Anadolu/Getty Images
The Spin
Right narrative
This nosedive in inflation is a remarkable win for Milei, as his ambitious austerity measures and bold economic reforms have kicked off a process to tackle the country's spiraling prices even amid severe economic turmoil. Forget about magical politicians, economic common sense is the actual solution.
Left narrative
Argentina has little to celebrate as inflation has been slowing at a devastating social cost. With wages frozen and the purchasing power of families destroyed, most households cannot afford the basic food basket and an overwhelming majority of the country's population relies on credit or assistance to buy groceries.