Argentina reports a drop in poverty under President Milei, but many say life is harder
Associated PressMAR 17
Argentina: Inflation Drops to 39.4% in June
Above: A woman walks with her dog past a storefront in Buenos Aires on July 14, 2025. Image copyright: Luis Robayo/AFP/Getty Images
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 about magical politicians, economic common sense is the actual solution.
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.