The Trap of Deinflation: What Lies Behind the Low CPI

Inflation in Argentina showed a significant slowdown in April 2025, registering 2.8% monthly and accumulating 47.3% year-on-year, according to Indec data.This decline has been attributed by the Government to policies such as fiscal surplus, monetary stability and exchange rate liberalization.However, behind these encouraging figures are hidden economic realities that particularly affect small and medium-sized enterprises (SMEs) and domestic indu…