Argentina’s President, Javier Milei may be winning the war against inflation as it slowed for the fourth consecutive month, despite an annual rate nearing 300%.
The monthly inflation rate rose at 8.8%, compared to 11% in March.
At the time President Milei took office in December monthly inflation was at a peak of over 25% while the yearly inflation rate in April was at 289.4%, slightly higher than the annualized rate a month earlier.
But Some experts are skeptical of the government’s success, arguing that Milei’s policies have disproportionately affected the poor and working classes.
According to official data, poverty levels are nearing 50%, amid a decline in economic activity and a fall in consumption.
