Argentina: Inflation Cools to 36.6%

story

1 day ago

Above: A grocery store in Buenos Aires, Argentina, on July 12, 2025. Image copyright: Erica Canepa/Bloomberg/Getty Images

story last updated 1 day ago

The Spin

Right narrative

This nosedive in inflation is a remarkable win for Milei, as his ambitious austerity measures and bold economic reforms have kicked off a process to tackle the country's spiraling prices even amid severe economic turmoil. Forget magical politicians, economic common sense is the actual solution.

Reason

Left narrative

Argentina has little to celebrate as inflation has been slowing at a devastating social cost. With wages frozen and the purchasing power of families destroyed, most households cannot afford the basic food basket, and an overwhelming majority of the country's population relies on credit or assistance to buy groceries.

Le Monde diplomatique