Argentina’s monthly inflation rate dropped to 8.8% in April, the lowest in six months, signaling progress for President Javier Milei’s austerity measures. Milei’s push to combat Argentina’s high inflation includes cost-cutting and deregulation. Despite IMF approval and market optimism, families feel the pinch as their purchasing power declines amidst rising costs. Annual inflation remains high at 289.4%, impacting citizens like Augustin Perez, who faces increased rent and utility bills. While Milei touts economic successes, experts caution against viewing falling inflation as a victory, citing recessionary symptoms.
Argentina’s Inflation Falls to Single Digits Amid Austerity Drive
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