Overview

• Official data shows Argentina's poverty rate fell to 38.1% in the second half of 2024, down from 53% in the first half, marking the lowest level since 2022.
• Annual inflation has dropped dramatically to 66.9% in March 2025 from a peak of 276% in early 2024, reflecting significant economic stabilization efforts.
• Milei's austerity policies, including subsidy cuts and public sector downsizing, achieved Argentina's first budget surplus in 14 years but deepened social inequality.
• Critics argue that official statistics fail to fully reflect economic realities, with outdated methodologies underestimating the cost of living and household expenses.
• Despite macroeconomic improvements, many Argentines rely on informal jobs, face food insecurity, and report declining purchasing power due to rising costs of essentials.