"The lowest figure since 2020. Without restrictions and correcting prices": The National Government celebrated the drop in inflation in May
After the National Institute of Statistics and Census (INDEC) announced that the May inflation rate broke through the 2% barrier and reached 1.5%, the National Government celebrated the figure and asserted that it was due to a change in economic philosophy. President Javier Milei received the news while on a European tour and praised the work of Luis Caputo at the helm of the Ministry of Economy.
The first person to share it was Luis Caputo , the Minister of Economy, who also highlighted that this was the smallest variation since May 2020. " Without a currency control, correcting relative prices and with an economy growing at 6% annually ," Caputo wrote on his X minutes account after the Consumer Price Index (CPI) for May was released.
Retail inflation May: 1.5%Basic Food Basket: -0.4Total Basic Basket: 0.1Without restrictions, correcting relative prices and with the economy growing at 6% annually.
We have the best president in the world. ??????
The Ministry of Economy expressed a similar sentiment, highlighting that the CPI marked another month of slowdown compared to the previous measurement and that the year-on-year variation "was the lowest since March 2021." In the first five months of 2025, cumulative inflation reached 13.3%, while the year-on-year inflation rate reached 43.5%.
Presidential spokesman Manuel Adorni , who is accompanying Javier Milei on his tour, also spoke out. " May inflation reached 1.5%; without controlled prices, without exchange controls, without economic shamanism," Adorni emphasized. The spokesman concluded his message with: "God bless the Argentine Republic."
According to INDEC, inflation in May was 1.5%, the lowest in five years: no controlled prices, no exchange controls, no economic shamanism. God bless the Argentine Republic.
End.
— Manuel Adorni (@madorni) June 12, 2025
As for President Javier Milei , the national leader shared a photo with his Minister of Economy and congratulated him on the results of his policies. Later, Milei repeated one of his most well-known mantras regarding the inflationary phenomenon. "Inflation is always and everywhere a monetary phenomenon generated by an excess supply of money . Either because supply increases, demand falls, or both at the same time, which causes a loss of purchasing power and increases monetary prices," he explained.
Inflation is always and everywhere a monetary phenomenon generated by an excess supply of money. Whether because supply increases, demand falls, or both at the same time, this causes money to lose purchasing power and money prices to rise. End.
— Javier Milei (@JMilei) June 12, 2025
From the president's entourage, advisor Federico Furiase also spoke out, asserting that the decline in the inflation curve was due to "the fixed amount of money, the recapitalization of the Central Bank, and the decline in the debt-to-GDP ratio; as well as the correction of relative prices and the floating exchange rate."
Macroeconomic stabilization via a fiscal surplus, a fixed amount of money, recapitalization of the Central Bank of Argentina (BCRA), and a reduction in the debt-to-GDP ratio, plummeting inflation, with a correction in relative prices, a floating exchange rate without restrictions, and economic growth in the 6% annual range. https://t.co/0gBC9xQ6E6
— Federico Furiase (@FedericoFuriase) June 12, 2025
Chief of Staff Guillermo Francos also highlighted the work of the Ministry of Economy in reducing inflation. " This confirmed the path of stabilization and disinflation driven from day one by the government of President Javier Milei, his Minister of Economy, and his entire team ," Francos stated. The Chief of Ministers added: "After years of disorder, Argentina has left the inflationary spiral behind. All this is the result of firm decisions and coherent economic leadership, with macroeconomic balance, monetary order, and efficient management."
At 1.5%, May's inflation is the lowest in five years, following an economic collapse at the end of 2023, when we took office.
This confirms the path of stabilization and deflation promoted from day one by President @JMilei 's administration, with the…
— Guillermo Francos (@GAFrancosOk) June 12, 2025
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