Argentina’s Inflation Shows Slight Increase in February with…

Argentina’s inflation rose to 2.4% in February, matching expectations and marking an increase from January’s 2.2%. Annual inflation decreased from 84.5% to 66.9%. President Milei’s government has made strides in tackling inflation, although challenges remain amid austerity measures and public protests.

In February, Argentina’s monthly inflation rate rose to 2.4%, aligning with analysts’ estimates and reflecting an increase from January’s figure of 2.2%. Notably, the annual inflation rate recorded for the 12 months ending in February was 66.9%, a decline from the 84.5% noted in the previous month, although slightly exceeding analysts’ projections.

President Javier Milei’s administration has demonstrated some progress in controlling inflation rates, which have stabilized between 2% and 3% recently. Nevertheless, these figures indicate that while inflation has receded from previously alarming triple-digit levels, challenges remain as critical austerity measures have provoked widespread public protests.

Historically, inflation in Argentina nearly reached 300% early last year, yet there is optimism as inflation has improved to double digits. Furthermore, analysts from the central bank have projected that the inflation rate may further decelerate by the end of 2025, estimating a reduction to 23.3%.

In conclusion, Argentina’s inflation shows signs of improvement, with February’s rate at 2.4%, a slight uptick from January. The annual rate decreased, indicating some effectiveness of President Milei’s fiscal measures despite ongoing public dissent. Projections suggest a continuing decline in inflation, with hopes for stabilization in the coming years.

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