Milei’s ‘Shock Therapy’ Aimed at Taming Argentina’s Hyperinflation Is Already Paying Dividends
A first budget surplus in years and the falling monthly inflation rate are seen as a potential vindications of Mr. Milei’s attempt at cost-cutting and privatization.
Argentina’s month-over-month inflation rate fell to 15.3 percent in February, marking a 40 percent decrease from the high of 25.5 percent in December, when President Javier Milei took office. It marks a success for the libertarian economist who has promised a “shock therapy” treatment for the beleaguered state.
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