Argentina's Inflation Rate Drops to 8.8% in April

SOURCE www.breitbart.com
Argentina's inflation rate dropped to 8.8% in April, the first single-digit figure in six months, following President Milei's economic measures. Milei celebrated the decrease on social media, attributing it to his policies.

Key Points

  • Inflation dropped to 8.8% in April 2024 in Argentina
  • President Milei's 'shock therapy' economic measures credited for the decrease
  • Inflation fell from 25.5% in December to 8.8% in April under Milei's administration

Pros

  • Inflation rate dropped to single digits for the first time in six months
  • Continued reduction in inflation attributed to President Milei's economic measures
  • Four consecutive months of significant inflation decrease under Milei's presidency

Cons

  • Previous socialist government left the country with high inflation rates