Elon Musk and other supporters highlighted these figures on social media to counter previous claims by critics that the economic program was merely "austerity theater." The shift in monthly inflation figures follows a policy of fiscal discipline aimed at ending the expansion of the money supply to fund government spending.
Wednesday, October 21, 2026
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Argentina Monthly Inflation Drops to 1.7% from 25.5% Under Milei
Global Markets23 days ago
The administration of Javier Milei stopped printing pesos to cover the state deficit, leading to a decrease in consumer price growth across 33 months of data from the national statistics agency INDEC. Monthly inflation fell to 1.7% in August 2026, a reversal from the 25.5% recorded during Milei's first month in office. The government pursued a fiscal surplus to stop the rapid escalation of retail prices.
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