Javier Milei, Staunch Economist, Brings Argentina’s Inflation To Less Than 3%

Staunchly libertarian Argentinian President Javier Milei’s economic plans are proving enormously successful, as the country’s inflation plunged to 2.7% in October, the lowest level in three years.

Milei was elected roughly one year ago, but the measures he has taken have revivified the once-crippled Argentinian economy, where inflation dropped in October to 2.7% after registering at 3.5% in October. Milei had promised to lower inflation to less than 3% before the end of 2024.

“We are decreasing the tax that creates the most distortion: inflation,” Economy Minister Luis Caputo stated.