The Argentine minimum wage has served as a historic benchmark for salary negotiations within both the formal and informal sectors of the economy. That benchmark, however, has undergone significant alterations since President Javier Milei assumed office in December 2023. Since then, the SMVM has undergone a consistent decrease in purchasing power and is presently at … Read more
President Javier Milei ardently advocated for his administration’s economic direction, called for a comprehensive overhaul of the Central Bank charter, and expressed his anticipations for Argentina’s forthcoming World Cup quarter-final clash with Switzerland on Saturday. In a radio interview with Now 97.9 FM, Milei asserted that his policies have driven economic growth, claiming that consumption … Read more
After lying dormant through the first half of the year, the dollar — that great Argentine obsession — experienced a resurgence in June, climbing more than 5% over the month to reach its highest level since October 2025. On June 30, the U.S. currency appreciated to 1,482 pesos in the wholesale market — the segment … Read more
The utility-rate adjustment implemented by Javier Milei’s government has significantly diminished the purchasing power of lower-income households, thereby hindering the recovery in domestic consumption — and consequently, in economic activity. Utilities have experienced a significant increase, surpassing the average inflation rate since Milei assumed office. The Interdisciplinary Institute of Political Economy has projected that from … Read more
Registered workers earning the minimum wage in Argentina can currently purchase only six out of every ten products that their salary would have allowed prior to Javier Milei’s assumption of office. This level of purchasing power is even inferior to the crisis of 2001, warns a new report from the University of Buenos Aires. It … Read more
Private consumption persisted in its downward trajectory in May, contracting by 0.3% month-on-month and 2.2% year-on-year, marking the sixth consecutive annual decline, as reported. In the first five months of 2026, the total decrease was 1.8%. In this context, supermarkets and wholesale retailers have identified inadequate demand as the primary obstacle to expanding their operations, … Read more
In April, inflation in Argentina decreased to 2.6%, as reported by the statistics agency INDEC on Thursday. The figure indicated a decrease relative to March’s 3.4%, signifying the inaugural instance in eleven months where the inflation rate has decelerated. The current figure represents the lowest level observed in the past five months, exceeded solely by … Read more
Following seven months of rising monthly inflation, it appears that prices may have finally paused in April, as reported by private consulting firms. According to their estimates, April’s price increase is projected to be between 2.4% and 2.6% month-on-month — marking the first monthly slowdown in 11 months. Statistics institute INDEC will release official figures … Read more
The evident decline in Argentine salaries is a trend that has been in place prior to President Javier Milei’s administration. It is important to highlight that wages experienced a more pronounced decrease during the final year of the Alberto Fernández administration (2023) and the initial years of the libertarian government. A recent report indicates that … Read more
Argentina’s leading economic officials stated that the nation has managed recent external shocks without compromising its exchange-rate regime or causing significant financial stress, contending that this outcome represents a notable shift from previous crises and demonstrates the resilience of the current policy framework. The message was conveyed by Central Bank Governor Santiago Bausili and Economy … Read more