Argentina begins 2024 with an inflation of 20.6% in January and a year-on-year inflation of 254.2%. The Government of Javier Milei claims to be “very enthusiastic” about its work to lower prices while salaries plummet to figures similar to those that followed the 2001 crisis.
The inflation data for the first month of the new Government reflects the price increases after the liberalizations and devaluation imposed in mid-December. Goods and services have increased by 40%, transportation by 26%, and both health and food have exceeded 20%.