Fact Check: "Argentina's monthly inflation rate drops to 1.5% – lowest level in five years."
What We Know
In May 2025, Argentina's monthly inflation rate was reported at 1.5%, marking the lowest level in nearly five years, according to the national statistics bureau, INDEC. This figure represents a significant decrease from 2.8% in April and 3.7% in March of the same year (source). This decline is notable as it is the first time since July 2020 that the monthly inflation rate fell below 2%. Over the past year, consumer prices have increased by 43.5%, which is a decrease from the 211% annual inflation rate recorded at the end of 2023 when President Javier Milei took office (source).
Analysis
The claim that Argentina's monthly inflation rate has dropped to 1.5% is supported by multiple credible sources, including reports from Reuters and local news outlets (source, source). The INDEC statistics bureau is a reliable source for economic data in Argentina, and its reports are generally considered authoritative.
The context surrounding this drop in inflation is also significant. President Javier Milei's administration has implemented aggressive economic reforms and austerity measures aimed at stabilizing the economy, which included substantial cuts to government spending and a halt to monetary emission (source). These measures have been credited with contributing to the recent decline in inflation rates. However, it is important to note that while inflation has decreased, many Argentines are still facing economic hardships, including stagnant wages and rising costs of living (source).
The analysis of the inflation data indicates that while the 1.5% figure is accurate, it is part of a broader narrative of economic reform that has had mixed effects on the population. Critics argue that the austerity measures have led to increased poverty and a loss of purchasing power for many citizens, despite the government's claims of economic stabilization (source).
Conclusion
Verdict: True
The claim that Argentina's monthly inflation rate dropped to 1.5%, the lowest level in five years, is accurate based on reports from reliable sources such as INDEC and major news outlets. While this figure reflects a significant improvement in monthly inflation rates, it is essential to consider the broader economic context and the challenges faced by the population under the current administration's policies.
