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Argentina's inflation drops from 211% to 34% under President Milei's reforms

Market News
31 May 2026
Fox Business
View Source
Bullish
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Since taking office in December 2023, Argentina's President Javier Milei has implemented drastic economic reforms including cutting subsidies, eliminating ministries, and reopening capital markets. These measures helped reduce inflation from 211% to 34% by April 2026, boosted exports from $5 billion to nearly $9 billion monthly, and spurred GDP growth to 4.4% in 2025. Milei's approach, inspired by Reagan-era policies but with a more outsider stance, has stabilized the economy and attracted foreign investment, signaling a significant turnaround for Argentina's struggling economy.

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