I'm not a big fan of AI, but here's what it tells me:
Under President Javier Milei, Argentina has experienced a significant decline in inflation following his inauguration in December 2023. The monthly inflation rate, which was as high as 25% in December 2023, dropped to below 3% by mid-2025, with a reported 1.5% increase in May 2025—the lowest in five years.
This improvement is attributed to Milei’s aggressive fiscal reforms, including sweeping public spending cuts, elimination of bureaucracy, and ending monetary financing of the deficit, which helped achieve fiscal balance and restore market confidence.
Annual inflation also fell sharply, from 211.4% in 2023 to 43.5% by mid-2025, while poverty declined from 52.9% in early 2024 to 38.1% in late 2025.
Despite these gains, challenges remain, including rising prices for food and essential goods due to subsidy rollbacks and a stronger peso, prompting many Argentines to cross borders for cheaper shopping.
Some analysts remain cautious, noting that sustained low inflation depends on maintaining strict fiscal discipline and avoiding devaluation pressures.