Argentina slows peso crawling peg as inflation eases

When Javier Milei assumed the presidency of Argentina in December 2023, inflation was around 12% and that month doubled. But from there, the drastic fiscal and monetary adjustment put in place by the new government led to a rapid slowdown. In December, prices rose by 2.7% compared to a month earlier and 117.8% in all 2024. The annual figure is one of the highest in the world, even above Venezuela, and would put any government in neighboring coun…

Javier Milei doubles down on Argentina’s unorthodox currency policy

Libertarian leader slows peso’s devaluation in attempt to stamp out inflation

Argentina's Inflation Drops to 118% as Milei's Policies Take Effect

Argentina’s National Institute of Statistics and Censuses (INDEC) reported that inflation in December 2024 reached 2.7%, bringing the annual rate to 117.8%. This marks a significant decrease from the 211% inflation rate in 2023. President Javier Milei’s libertarian policies appear to be yielding results. Milei took office in December 2023 with a promise to tackle […]

It was the most anticipated data by the Argentine government since the beginning of the year and President Javier Milei was eagerly waiting for it: this Tuesday the last figure of inflation was announced , of December , that places it at 2.7% . Although there is a clear increase regarding the previous measurement - which indicated a 2.4% in November-, there is a sharp drop with respect to 2023 . From the Rosada House they celebrate it, in a stra…

Argentina slows peso crawling peg as inflation eases

Argentina's central bank will slow the rate of the local peso's devaluation, it said on Tuesday, after new data showed annual inflation slowing in December and as the central bank sees continued progress on inflation.

This is the first change in foreign exchange policy since mid-December 2023; it seeks to deepen the decline in inflation