Buenos Aires Herald 
Argentina’s monthly inflation dropped to 2.4% in November, according to a report by the INDEC statistics bureau published on Wednesday. The number marks a new low after dropping below the 3% mark in October for the first time since November 2021.
Prices have risen 112% in the first 11 months of the year and 166% since November 2023.
The sector with the highest monthly increase was education (5.1%), followed by housing and utilities (4.5%) due to raised rent, gas, water, and electricity tariffs. Food and non-alcoholic drinks followed with a 4% increase.
Inflation has fallen consistently since December 2023, when prices increased by 25.5% after Milei devalued the Argentine peso by more than 50%. According to the Economy Ministry, Wednesday’s figure is the lowest in four years.
“Since the beginning of the administration, the country has gone through a stabilization process, leaving behind the scourge of inflation and ending with the ‘tax’ that hits Argentines the most,” read a ministry communiqué on X, minutes after the report was published.
In a televised speech on Tuesday night, Milei vowed to “end inflation forever.”
“We are getting closer every day to inflation becoming little more than a bad memory,” he said.
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