The National Argentine Census Institute (Beden) announced on Thursday that the country's inflation rate in January was 2.2%, the lowest in five years.
Argentina marks the first month of 2025, with the lowest inflation rates for July 2020 and that month, and the lowest inflation under President Javier Millée's control so far, from 2.7% in December, 0.5 It has decreased by %.
Argentine Newspaper La Nacion Highlighted The slowing and explanation of inflation in January explained that the month tends to have “seasonally high” inflation as Argentina, a country in the Southern Hemisphere, is currently past summer. January marked the four consecutive months of inflation measured below 3% since Argentina fell to 2.7%. October.
“Since the start of this administration, Argentina has begun undergoing a process of stabilization and layoffs based on three anchors: fiscal, financial and exchange rates,” the Ministry of Economy in Argentina said on social media.
On his appointment in December 2023, President Mairi will be holding a series of “shocks” to avoid the complete financial catastrophe of the South American nation after the disastrous policies of Mairay's former socialist predecessor. “Therapy” economic policy was implemented immediately. i doubt it Domestic abuser Alberto Fernandez pushed Argentina on the brink of total economic ruin.
Milei's policy has lowered inflation rates throughout 2024, from 25.5% at the start of December 2023 to 2.2% in January 2025. In January 2024, inflation was measured at 20.6%.
Bede, a decentralized organization within the Ministry of Economy in Argentina, measures monthly inflation from several average categories, including housing, utilities, food and clothing. In a detailed breakdown report, Beded revealed that restaurants and hotels experienced the highest increase at 5.3%, followed by a 4% increase in housing and utilities and 2.5% increase in recreational and cultural categories .
The lowest inflation category in January was in detail: home equipment and maintenance with 1.8% food and non-alcoholic beverages, 1.6%, 1.2% in transportation and 0.5% in education. Unlike other categories, clothing and footwear experienced a deflation of minus 0.7% during January.
President Javier Miley celebrated the announcement on social media by posting photos of himself and economy minister Lewis “Toto” Caputo. Inflation rate in January was 2.2%. period. “
In a video published on his personal Instagram account, libertarian economist Milei said that 2.2% in January was the lowest inflation rate in the last five years, but considering the impact of Wuhan Coronavirus, 2018 It explained that it was the lowest since 2019. Pandemic.
“And more, the inflation of the goods was 1.5%. That means we are not looking for the effects of the backward tariffs left by the previous government. Looking at the basic food basket, it was 0.9%. That means we can see the goods and basics. In a basket, Argentina has deflation in the dollar, as there were 2% pegs crawling,” Mairi said.
“So we're still making history. We are the best government in history despite everything. Econocantas [slang term for “fraudulent economists”] And a bunch of baboons who are so grossly hoping to do it in Argentina,” he continued.
Mairay also celebrated the announcement on Instagram by reposting his own cartoon celebrating Valentine's Day with the caption “There's a president who's completely in love with fiscal discipline.”
Minister of Economy Lewis Capto It is reportedly In an interview last week, the government argued that inflation rates could fall rapidly below the 2% threshold, with inflation in February likely to be measured below 2%.
“Hopefully it will start in January to February [percent]the developmental process continues and the macro-order continues,” Caputo said. “This process is inevitable and I hope it continues to surprise you.”
Christian K. Calzo is a Venezuelan writer and documents life under socialism. You can follow him on Twitter here.
