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Graphic Truth: Inflation plunges in Argentina

November 13, 2025
Riley Callanan
and
Eileen Zhang
​Argentina's inflation rate year over year.
Argentina's inflation rate year over year.
Eileen Zhang

Argentina’s president Javier Milei inherited inflation that was over 200%, but after 18 consecutive months of it falling, it now stands at just 31%. While that is still one of the world’s highest, it is an impressive improvement. It comes as the US has sought to prop up Argentina’s economy, recently giving nearly $1 billion of its International Monetary Fund reserves to help Argentina make a critical debt payment to the IMF. The transaction follows the US recently providing Argentina with a $20 billion currency swap to stabilize the peso.

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