Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

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Milei’s social media feed in recent weeks has become a stream of good economic news: Argentine bonds posting some of the best gains among emerging markets, officials celebrating its first quarterly surplus since 2008 and the“The important thing is to score goals now,” Milei said at an event at the presidential palace Tuesday. “We are beating inflation.”

Signs of an economic slowdown are everywhere in Buenos Aires — the lines snaking outside discounted markets, the empty seats in the city’s typically booming restaurants, the “Now I buy pork and chicken instead,” said Leonardo Buono, 51-year-old hospital worker. “It’s an intense shock, this economic adjustment.”Promising the pain would pay off, he slashed spending on everything from construction and cultural centers to education and energy subsidies, from soup kitchens and social programs to pensions and public companies.

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Argentina monthly inflation seen back in single digits in AprilArgentina's monthly inflation rate likely dipped back into single digits for the first time in half a year in April, analysts polled by Reuters estimated, amid a gradual slowdown in price rises as the country's economy stalls.
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