Overview

• Official statistics show Argentina's poverty rate fell from 53% in early 2024 to 38.1% in the second half of the year, the lowest since mid-2022.
• Annual inflation plummeted from 276.2% in early 2024 to 66.9% by March 2025, marking a major achievement for Milei's administration.
• Extreme poverty dropped sharply, from 18.1% in the first half of 2024 to 8.2% by year-end, as inflation stabilized and economic reforms took effect.
• Critics argue that official metrics fail to capture the full extent of economic hardship, citing outdated inflation measures and rising costs in housing, healthcare, and private services.
• Many Argentines report worsening living standards, with increased reliance on informal work, food scavenging, and reduced purchasing power despite macroeconomic improvements.