Argentine President Javier Milei celebrating falling inflation rates to 2.6% in April
Argentine President Javier Milei celebrating falling inflation rates to 2.6% in April
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April inflation falls to 2.6% as Milei hails the data

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The National Institute of Statistics and Censuses reported the consumer price index at 2.6% for April, the lowest reading in ten months.

President Javier Milei stated on his X account that inflation is returning to a downward path despite political coup attempts and an external shock.

Economy Minister Luis Caputo noted that the 2.6% figure is the lowest in five months. The year-on-year rate stood at 32.4% and the accumulated increase for the year reached 12.3%.

According to INDEC, the category with the largest increase was Transport at 4.4%, driven by fuel prices, while Food and non-alcoholic beverages rose only 1.5%.

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Initial reactions on X show widespread celebration among Milei supporters, praising the 2.6% April inflation as the lowest in months and proof of successful fiscal policies. Some posts note skepticism about approval rating drops or claims that inflation may rise again. Diverse accounts include libertarian users and political commentators.

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Illustration of central bank analysts reviewing inflation and exchange rate forecasts.
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Central Bank projects 2.3% inflation for May and dollar at 1,422 in June

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The Central Bank's Market Expectations Survey adjusted its forecasts for inflation and the exchange rate in 2026.

Economy Minister Luis Caputo projected that March inflation will exceed 3%, driven by oil impacts and educational seasonality. The official INDEC data will be released on Tuesday, April 14, at 4 p.m. Caputo assured that disinflation and economic growth will begin from April.

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Dane reported the consumer price index recorded an annual variation of 5.68% in April, above March's 5.56%.

The Commerce Department reported on Thursday that the Federal Reserve’s preferred inflation measure rose to an annual rate of 3.8 percent in April. The reading marks the third straight month of increases and remains well above the central bank’s 2 percent target.

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South Korea's consumer prices rose 2.6 percent year-on-year in April, up from March's 2.2 percent and the fastest pace in 21 months, driven by soaring fuel costs from the ongoing Strait of Hormuz disruption. Government data confirmed the figures.

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