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The Independent UK
The Independent UK
National
Isabel Debre

Argentina's inflation slows to 8-month low in a boost for President Milei

Argentina Economy - (Copyright 2026. The Associated Press. All rights reserved)

Argentina's inflation slowed for the second straight month in May, economic data released Thursday showed, providing some welcome news for President Javier Milei after almost a year of stubbornly persistent price increases that threatened to undermine the libertarian leader's signature achievement.

Consumer prices rose 2.1% last month compared with April, the government statistics agency INDEC reported — a rate hailed by Economy Minister Luis Caputo as the lowest monthly level in eight months.

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