While its inflation rate has decreased from 292% in April 2024 to 195% in October 2024, Argentina still has one of the highest inflation rates in the world.
This triple-digit inflation rate mirrors Argentina's hyperinflation crisis of the 1980s and 1990s when the country's inflation rose as high as 20,000%.
The Milei-led leadership has instituted reforms since taking office in December 2023, but there have been protests from the public over the resulting hardship.
