Argentina experienced a zero-percent increase in the inflation rates of food and drinks for the first time in 30 years during the third week of June. President Javier Milei confirmed the findings, attributing it to his economic policies.
Key Points
Econométrica study reports no inflation in food and drinks for a week, a significant development for Argentina
President Milei attributes the positive trend to his 'shock therapy' economic policies
Monthly inflation rates have shown a dramatic decline since Milei took office
Pros
Zero-percent increase in food and drinks inflation rates for the first time in 30 years
Monthly inflation rates in Argentina have drastically decreased
Positive impact of economic policies enacted by President Milei
Cons
Potential challenges in maintaining the downward trend in inflation rates
Critics may question the sustainability of the current economic policies