Argentina’s consumer price index is projected to register below 2% for June, a significant milestone in President Javier Milei’s economic stabilization program.
Local consultancy estimates place the monthly inflation figure between 1.8% and 1.9%, with one outlier projection suggesting an even lower reading.
This would mark the first time the monthly rate has fallen under the 2% mark since the administration implemented its austerity measures.
This would mark the first time the monthly rate has fallen under the 2% mark since the administration implemented its austerity measures.
The anticipated print follows a May CPI reading of 2.1%, which was already the lowest monthly increase in recent history.
The continued deceleration suggests that the government’s fiscal consolidation and monetary tightening policies are gaining traction in curbing price pressures.
For investors, the sub-2% threshold is a critical psychological and technical barrier; breaking it could reduce risk premiums on Argentine sovereign debt and support the peso against the dollar.