Argentina’s Inflation Falls to 2.4%, But Economic Recovery Remains Uncertain
Argentina’s November inflation rate reached a four-year low of 2.4%, a significant decrease from October’s 3% and a continued decline since December 2023’s 25.5% spike following a peso devaluation. While year-to-date inflation remains high at 112%, the sectors with the largest monthly price increases were education, housing and utilities, and food and beverages. The government celebrated this drop as a step towards inflation stabilization, a claim echoed by President Milei.
John Q. Hosedrinker