Fact Check: "Argentina's monthly inflation rate has dropped to 1.5 percent, the lowest level in five years."
What We Know
Argentina's monthly inflation rate indeed dropped to 1.5 percent in May 2025, marking the lowest level since May 2020. According to the INDEC national statistics bureau, this figure represents a significant decrease from 2.8 percent in April and 3.7 percent in March of the same year (source-1). The year-on-year inflation rate stood at 43.5 percent, which is a reduction from the 211 percent rate recorded at the end of 2023 when President Javier Milei took office (source-2). This drop below 2 percent is significant as it is the first occurrence since July 2020, and it has been attributed to various economic measures taken by the Milei administration (source-4).
Analysis
The claim that Argentina's monthly inflation rate has dropped to 1.5 percent is supported by multiple credible sources, including reports from Reuters, Buenos Aires Herald, and the Buenos Aires Times. These reports consistently cite data from INDEC, which is the official statistics bureau of Argentina, thus lending credibility to the claim (source-1, source-2, source-4).
The reports also highlight that this reduction in inflation is part of a broader economic strategy by President Milei, which includes austerity measures and fiscal discipline. While the drop in inflation is a positive sign, it is essential to note that the country still faces significant economic challenges, including a high annual inflation rate of 43.5 percent and stagnant wages affecting purchasing power (source-2, source-4).
The sources used are reliable, as they come from established news organizations and government statistics, providing a balanced view of the current economic situation in Argentina.
Conclusion
Verdict: True
The claim that Argentina's monthly inflation rate has dropped to 1.5 percent, the lowest level in five years, is accurate. This figure is corroborated by official data from INDEC and reported by multiple credible news outlets. While this drop is a positive development, the ongoing economic challenges indicate that the situation remains complex.
Sources
- Argentina inflation tumbles to five-year-low 1.5% in boost for Milei - Reuters
- Monthly inflation drops to 1.5% - lowest level in five years - Buenos Aires Times
- Carte Argentine : Plan Argentine - Routard.com - Routard
- Argentina's monthly inflation falls to 1.5%, the lowest in 5 years - Buenos Aires Herald
- Javier Milei lowers Argentina's monthly inflation below 2% for first time in five years - Financial Times
- Argentina Inflation Rate MoM - TRADING ECONOMICS - Trading Economics
- Guide de voyage et vacances en Argentine - Routard.com - Routard
- Argentina inflation tumbles to five-year-low 1.5% in boost for Milei - MSN - MSN
