Argentina’s inflation rate falls to the lowest in five years

Contact Your Elected Officials
Semafor

Argentina’s inflation rate fell to its lowest level since 2020, a further sign of President Javier Milei’s remarkable economic turnaround.

The South American nation’s inflation rate — which was at one point the highest annually across the globe — dipped to 2.2% and the consumer price index fell to 2.3%, down from 2.7% in December. This will likely be good news for Milei amid discussions over a new International Monetary Fund deal.

Since becoming president a year ago, Milei has presided over huge cuts to government spending and a pullback on subsidies, leading to the first budget surplus in 14 years.

Though the harsh measures have also led to a sharp rise in poverty rates, the libertarian leader remains popular.

However, the executive powers Milei has relied on for his “shock therapy” expire later this year, raising fears among his backers that momentum could stall. October’s elections for Argentina’s Congress — where Milei’s party holds a small minority of seats — may define his movement’s future.

Jeronimo Gonzalez and Paige Bruton

Read Original Article on Semafor.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

Democrats Are In Disastrous Shape As Midterms Loom

According to CNN's Harry Enten, “The Democratic brand is in the basement. It is total and complete garbage in the mind of the American public.”

A Primer on Conservatism

Conservatism is based on the maintenance and preservation of economic and governmental liberty of the individual citizen to choose what is best for their interests.

Woke Verses Folk Marketing Mayhem

For purposes of this article woke is about 10% of our population while folk is defined as the remaining 90% of our population. 

Late night’s Javan Rhino  

Once upon a time in America, late-night television talk shows were nightly viewing for many following their local news.

MyPillow’s CEO Mike Lindell Wins 2 Court Cases

A federal court tossed the $5M ruling against Mike Lindell, saying arbitrators rewrote the rules of his 2021 Cyber Symposium challenge.

Trump Orders Nuclear Submarines Moved After Former Russian President’s Comments

Trump confirmed he ordered two Nuclear Submarines to be positioned in appropriate regions, in case Putin's inflammatory statements are more than just that.

American Eagle Responds to Critics Over Ad With Sydney Sweeney

In a statement posted on American Eagle’s Instagram account on Friday, the retailer said the ad campaign “is and always was about the jeans.

What to Know About 7-OH, the Synthetic Opioid Derived From Kratom Facing an FDA Ban

Synthetic opioid derived from the kratom plant sold in gummies, tablets, and drink mixes is to be restricted due to concerns it has serious potential for abuse.

Wall Street Review: Stocks Sell Off Amid Confusion Over Economic Data and Fed Policy

After all-time highs for a couple of weeks, U.S. equities retreated on profit-taking and confusion over direction of U.S. economy and monetary policy.

Tariff Rates ‘Pretty Much Set,’ Says US Trade Representative

President Trump’s trade representative, Jamieson Greer, said that Americans should expect the administration’s tariff levels to remain where they are.

White House Officials Say Trump Had ‘Real Concerns’ With Top Labor Official Before Firing Her

White House officials said it was necessary to fire former Bureau of Labor Statistics head Erika McEntarfer following release of lower-than-expected jobs report.

Trump Admin Cancels $26 Million Funding for Baltimore-DC Maglev Train Project

The FRA will cancel two grants worth more than $26 million for the Baltimore-Washington Superconducting Magnetic Levitation (SCMAGLEV) project.

Senate Confirms Former Fox News Host Jeanine Pirro as US Attorney for DC

The U.S. Senate confirmed former Fox News host and political commentator Jeanine Pirro to serve as the U.S. attorney for the District of Columbia.
spot_img

Related Articles