Inflation in Argentina may be the highest in the world, but with the extreme austerity measures implemented by President Javier Milei, it is slowly going down.
BUENOS AIRES: Argentina's monthly inflation rate slowed down more than expected to come in at 13.2% in February, a boost for libertarian President Jav.
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Sandra Boluch, a fruit and vegetable seller in Buenos Aires, is seeing a worrying trend as inflation soars over 250%: sliding sales and more people scavenging for what she throws away, hoping to find enough for a meal. The South American country is going through its worst economic crisis in decades, with the new government of libertarian Javier Milei trying to slay triple-digit inflation with tough austerity, a move that is boosting the state's finances, but is squeezing people hard. A report last month suggested poverty was nearing 60% from 40% a year earlier, putting pressure on Milei's reform plans and spending cuts to show quick results as anger simmers around the country and people tighten their belts trying to survive.
Argentina is going through its worst economic crisis in decades, with the new government of libertarian Javier Milei trying to slay triple-digit inflation with tough austerity