Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months

Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months


The National Institute of Statistics and Census of Argentina (INDEC) announced on Tuesday that inflation in Argentina continued its downward trend in April, reaching an 8.8 percent rate that month and dropping to a single digit for the first time in six months.

The continued reduction in inflation follows the implementation of President Javier Milei’s “shock therapy” economic measures, which his administration began upon taking office in December 2023 to avoid a hyperinflation spiral in Argentina.

April’s reduction in inflation, in addition to being the first time since October 2023 when it has dropped down to one digit, also marks the fourth month in a row that inflation has significantly fallen in Argentina during Milei’s now five-month presidency.

At the time Milei took

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