Argentina inflation ticked up slightly and less than expected in June, another win for President Javier Milei ahead of midterm elections after a large seasonal component pulled May’s reading down to a five-year low.

Argentina’s economy is rebounding fast. Inflation has plummeted, growth is back, and poverty is falling. Javier Milei’s shock reforms are delivering what few thought possible.

Argentina's National Institute of Statistics and Census (Indec) reported on Monday that inflation in June was 1.6%, marking the second-lowest monthly figure of the year. This brings the cumulative inflation for the first six months of 2025 to 15.

June inflation came in at 1.6 percent, slightly up from May's 1.5 percent, which had been the lowest rate in five years, the INDEC national statistics bureau said.

Monthly inflation in Argentina inched slightly higher in June, but remained among the lowest in years, a boost to budget-slashing President Javier Milei's efforts to curb runaway prices.

President Javier Milei, who has slashed public spending by 30% since taking office in 2023, vowed to veto the legislation.

Inflation last month only slightly up at 1.6%, barely up on last month; Consumer prices rose 15.1% in the first half of the year, up almost 40% over the last 12 months, INDEC reveals.

Argentine President Javier Milei and his vice-president, Victoria Villarruel, have engaged in a bitter public war of words over plans to increase pensions. Milei shared posts on X in which his running mate had been called "stupid" and described as "a traitor", and in response Villarruel told the president to "grow up".

With his chainsaw economics, Milei is jolting Argentina back to life. The economy grew at its fastest clip in nearly 20 years, defying predictions of total collapse.

The current state of Argentina’s economy is a far cry from what “experts” predicted when they warned that President Javier

A U.S. judge on Monday temporarily spared Argentina from turning over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment, while criticizing the South American country for resisting payment.