Argentina inflation ticked up slightly and less than expected in June, another win for President Javier Milei ahead of midterm elections after a large seasonal component pulled May’s reading down to a five-year low.

President’s economic team sends a signal to the market that it still has an iron grip on Argentina’s money supply, a key ingredient to thwarting inflation, stabilising the peso – and his high approval ratings.

Argentina’s economy is rebounding fast. Inflation has plummeted, growth is back, and poverty is falling. Javier Milei’s shock reforms are delivering what few thought possible.

Argentina's National Institute of Statistics and Census (Indec) reported on Monday that inflation in June was 1.6%, marking the second-lowest monthly figure of the year. This brings the cumulative inflation for the first six months of 2025 to 15.

June inflation came in at 1.6 percent, slightly up from May's 1.5 percent, which had been the lowest rate in five years, the INDEC national statistics bureau said.

With his chainsaw economics, Milei is jolting Argentina back to life. The economy grew at its fastest clip in nearly 20 years, defying predictions of total collapse.

President Javier Milei, who has slashed public spending by 30% since taking office in 2023, vowed to veto the legislation.

The current state of Argentina’s economy is a far cry from what “experts” predicted when they warned that President Javier

This week, a human rights group in Argentina said a man who disappeared more than 40 years ago under the country’s military dictatorship had been identified and reunited with his sister. But there are concerns that the current government is reversing longstanding policy to continue searching for tens of thousands of citizens who were abducted.

The economic recovery is concentrated in the wealthiest sectors of society, while the middle and lower classes are cutting back and suffering from rising unemployment

Inflation last month only slightly up at 1.6%, barely up on last month; Consumer prices rose 15.1% in the first half of the year, up almost 40% over the last 12 months, INDEC reveals.