Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years

Argentina’s inflation has slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei

FILE - Argentina's President Javier Milei walks on the floor of the New York Stock Exchange before ringing the opening bell in New York, Sept. 23, 2024. Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government ofArgentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%.

The government has promised to reduce inflation below 3% before the end of the year, something it finally did. When he took office in December, monthly inflation surged to 25%, and despite it having gone down since, ordinary people struggle in their daily lives as the government imposed a radical economic overhaul, including the elimination of previous generous energy subsidies.

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