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Published 1 month ago

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

  • Augustin Perez, a supermarket worker in Buenos Aires, expressed distress over a 90% rent increase and tripling electricity bill due to Milei's real estate market deregulation and subsidy cuts.
  • Argentina's April inflation rate dropped to 8.8%, the lowest in six months, supporting President Javier Milei's austerity program amidst high inflation.
  • Milei's measures were lauded by the IMF and market observers but caused a 289.4% annual inflation, burdening families as prices soared while incomes declined.
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