This time, the Government is betting on continuing the rapid deceleration of price increases as the main achievement of Milei’s management.
On the eve of knowing the inflation index, the national government assured that May is “the best month in a long time, there will be a drop in inflation compared to the previous month.” This was anticipated by the presidential spokesperson, Manuel Adorni, facing the number that Indec will report on Thursday. However, for June, Adorni did not rule out that tariff increases could have some impact on inflation.
The government of Javier Milei expects a Consumer Price Index (CPI) of less than 5% that would consolidate the reduction in the price level.
The slowdown
From the peak of 25.5% last December, when the CPI “exploded” due to the devaluation of more than 50% of the peso, inflation fell sharply until reaching 8.8% in April, the first single digit figure in five months.
This time, the Government is committed to continuing the rapid deceleration of price increases as the main achievement of Milei’s management and the Minister of Economy. Luis Caputo.
At the beginning of May, the minister defined a delay in the scheduled increases in rates and fuel taxes.
