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Argentina: 4% inflation in July, the lowest in two and a half years
Buenos Aires, Argentina - August 14, 2024
Argentina's inflation in July was 4% monthly and 263.4% year-on-year. The official data released this Wednesday is the lowest of Javier Milei's administration. It is lower than the 4.6% in June, the 4.2% in May and very far from the 25.5% in December when he inaugurated his presidency. The Government set out to eradicate this endemic evil in the Latin American country and has managed to contain its escalation, with figures not seen for two and a half years. Even so, the reduction has plateaued in the last three months around 4% and the figures are exorbitant when compared to those of other countries in the region: Argentina's CPI is the highest in all of Latin America, even higher than Venezuela.
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