Argentina Inflation Down to 33.8%: Why the Last Mile Is the Hardest
ARGENTINA · ECONOMY Key Facts —What happened: Argentina inflation stands at 33.8% a year, down from 211% when Javier Milei took office. —The stall: Monthly inflation ticked back up to 2.1% in July, far from the “zero-comma” readings promised for 2026. —The good news: Poverty fell to 28.2% in late 2025, the lowest reading since […] The post Argentina Inflation Down to 33.8%: Why the Last Mile Is…
Argentina's inflation rate fell to 33.8% in July 2026, a significant drop from a peak of 211% at the end of 2023. This achievement comes amid a significant decline in poverty, falling to 28.2% in late 2025, the lowest since 2018. However, the last mile of disinflation proves the hardest. While monthly inflation has fallen to a low of 2.1% in July, it has since risen again, and formal private-sector wages have not recovered to pre-Milei levels.
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