Man, that's rough. That's still 64% annual. We in America have had a nasty 10% annual since 2017, and wages have not kept up, but 4.2%/mo being low is astounding.
Discussion
Indeed, it’s still very high compared to other countries. However, compared to inflation rates before, it’s still impressive. I read a lot about Weimar and Zimbabwe and catching high inflation once it’s running hot is almost impossible. So, though Inflation looks still high for us, it looks like trust is returning in Argentin’s currency nevertheless.
I don't know the numbers off the top of my head, but I seem to recall Argentina's inflation was regularly doubling monthly. My point is that 4.2% can hardly be called sustainable or livable. You basically still have to hold zero pesos and only foreign currency or physical commodities.