"Argentina's Inflation Slows Again as President Milei's Austerity Measures Gain Traction"

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Source: The Associated Press
"Argentina's Inflation Slows Again as President Milei's Austerity Measures Gain Traction"
Photo: The Associated Press
TL;DR Summary

Argentina's inflation slowed to 13.2% in February, marking a second consecutive monthly decrease, but remains at a three-decade high on a yearly basis. President Javier Milei's austerity and deregulation measures, including a 50% currency devaluation and subsidy eliminations, aim to combat hyperinflation and revive the struggling economy, despite warnings of initial negative impacts on employment and poverty levels.

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