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Argentina's Inflation Slows As President Pushes Austerity Measures

Argentine President Javier Milei leaves an event in Buenos Aires, Argentina, Jan. 26, 2024. The organization Human Rights Watch warned, Thursday, Feb. 29, 2024, that the security policies adopt

Argentina's inflation rate showed signs of improvement in February for the second consecutive month, as President Javier Milei's administration continues to implement austerity and deregulation policies to address the country's economic challenges.

According to data released by the government's INDEC statistics agency, Argentina's monthly inflation rate decreased to 13.2% in February, down from 20.6% in January and 25.5% in December. However, on an annual basis, inflation remains at a concerning level, reaching 276.2% in February.

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