INDEC published the June inflation data and Milei's government achieved another milestone
Core inflation, an indicator that excludes regulated and seasonal prices, also showed a sharp moderation, standing at 1.7%, the lowest value since May 2020. If the exceptional effect of the pandemic is excluded, it is necessary to go back to January 2018 to find a similar level.
According to data published by INDEC, goods prices increased by just 0.8% in June, the lowest value since the current statistical series began in January 2017. This figure not only stands out within the general inflation report, but also reinforces the sustained deceleration trend the country has experienced since late 2023, following the inauguration of Javier Milei's government.
In an economy that for years suffered sharp increases in basic products, the behavior of goods—which include food, beverages, hygiene products, and household items, among others—is key to assessing the impact of the libertarian economic plan. The 0.8% variation is well below the general index for the month, which was 1.6%, and signals that prices of mass consumption products are under control, even below those of services.
The case of food and non-alcoholic beverages, which are part of goods, is particularly significant: they increased by just 0.6% in June, marking one of the smallest increases of the month. This represents relief for the most vulnerable sectors, traditionally the most affected by inflation.
The goods data acquires additional relevance when considering the context inherited by the current administration. When Javier Milei assumed the presidency in December 2023, monthly inflation exceeded 25% and prices moved with great volatility. More than half a year after the new economic plan began, the results are already compelling.
With fourteen consecutive months of decline in year-on-year inflation, which now stands at 39.4%, the lowest level since January 2021, Milei's government continues to achieve milestones that directly impact citizens' wallets.
