Milei tames inflation, but Argentines still struggle to afford basics
Al Jazeera · Recent
Al Jazeera
Recent
Argentina’s government has slashed inflation from a record monthly high of 25 percent in 2023, to around two percent last month. But its economic policies have made housing, health and education more expensive.
Breakdown
- Car sales in Argentina reached their highest levels since the 1990s amid economic reforms.
- President Javier Milei's austerity measures have slowed inflation and promoted fiscal surplus. 37s
- Economic growth is seen in sectors like real estate and overseas travel, but low-income Argentines face rising unemployment and falling wages. 48s
- The removal of subsidies has increased costs for essentials, impacting many citizens' ability to afford basics. 1m 30s
- Despite projected economic growth, inequality and financial hardship persist for many Argentines. 2m 19s