Argentina's Inflation Rate Slows to 3.5%

Argentina's inflation rate reached 209% in September, with a monthly increase of 3.5%, the lowest since late 2021. Despite signs of slowing inflation, basic goods continue to rise sharply, and stagnant wages leave many citizens struggling, with poverty rates soaring to 53% under President Javier Milei's austerity measures. Essential costs, particularly for housing and utilities, have surged, impacting the public's ability to afford basic necessities. The Central Bank projects October's inflation to be around 3.4%, indicating a potential decline in the inflationary trend. However, Milei's economic policies, including subsidy cuts and currency devaluation, have sparked unrest and protests, revealing significant public dissent. Overall, while some positive trends in inflation are noted, the broader economic challenges remain severe for many Argentinians.