The president Javier Milei and his Minister of Economy, Luis Caputo, enthusiastically celebrated the September inflation rate, which stood at 3.5%. This data represents the lowest monthly inflation figure since November 2021 and marks an important milestone in the economic management of the current government.
The news was received with joy by both officials, who shared a photo of each other hugging on social media to commemorate the achievement. The president Javier Milei He was quick to express his satisfaction with the slowdown in inflation.
On his “September recorded the lowest inflation since November 2021. The disinflation process continues and the course of fiscal and monetary orthodoxy will not change,” he wrote Milei.
For his part, Luis Caputo also celebrated the number and reaffirmed the government’s commitment to fiscal and monetary orthodoxy. “The disinflation process continues and the course of fiscal and monetary orthodoxy will not change,” Caputo highlighted on his social networks.
The Minister of Economy stressed that inflation is falling without the need to resort to extreme measures such as the expropriation of assets or price controls, and without fixing the exchange rate. The September inflation rate was received with relief by many sectors of the economy, as it represents a slowdown compared to the 4.2% recorded in August.
However, accumulated inflation in the last year remains high, reaching 209%, and the price increase in the first nine months of the year climbed to 101.6%. Despite these challenges, the government is optimistic and confident that the policies implemented are producing results.
Achievement
The celebration of Javier Milei and Caputo not only reflects satisfaction with the achievement achieved, but also the determination to maintain the current economic course. Fiscal and monetary orthodoxy has been one of the government’s main strategies to combat inflation and stabilize the economy. This policy is based on the reduction of public spending, the control of the fiscal deficit and the implementation of measures that promote monetary stability.
Milei has been a strong advocate of these policies, arguing that they are necessary to achieve a stronger and more sustainable economy in the long term. On several occasions, he has highlighted the importance of maintaining fiscal discipline and avoiding populist measures that could generate economic imbalances. “You have never seen inflation fought like this before. It takes a little longer but it is genuine,” Milei said in his message.
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