Argentina's inflation falls for first
Photo: Rodrigo Abd/AP/TT

Argentina's inflation falls for first time in eleven months, to 2.6 percent in April

For the first time in eleven months, inflation in Argentina is now falling. In April, it was 2.6 percent, a welcome sign for President Javier Milei.

After, among other measures, devaluing the country's currency, the peso, by more than 50 percent and freezing the state budget, Milei managed to reduce inflation from 211.4 percent in December 2023 to 117.8 percent the following year.

However, over the past year, inflation has accelerated again and amounted to 3.4 percent in the previous month.

"A return to normal," Milei writes on X.

AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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