The inflation rate in Argentina has continued to decline under the leadership of President Javier Milei.
The rate in May fell to 4.2 percent, marking a steep reduction from the 4.2 percent inflation in April.
Milei won the presidency in November 2023 as a libertarian anti-socialist with socially conservative positions.
Under Argentina’s former president, Alberto Fernández, the country witnessed increased inflation and poverty.
Upon his presidential victory, Melei said, “Today begins the reconstruction of Argentina.”
“Today we turn the page of our history and return to take the path that we never should have lost. Today, the impoverishing model of the omnipresent state – which only benefits some while the majority of Argentines suffer – ends,” he said at the time. “Today ends the idea that the state is loot to be divided among politicians and their friends. Today ends that vision that the victimizers are the victims and the victims the victimizers. Today, we retake the path that made this country great, today we again embrace the ideas of liberty.”
“The model of decadence has come to an end, there is no turning back. The results of this model are at the sight of everyone,” Melei added. “From being the wealthiest country in the world, we are now 130th. Half of Argentines are poor and ten percent are indigent. Enough of the impoverishing model of the caste. Today we once again embrace the model of liberty to return to being a world power.”
