President Javier Milei's government achieved a new victory in the fight against inflation. According to the National Institute of Statistics and Censuses (INDEC), the Consumer Price Index (CPI) for July recorded an increase of just 1.9%, consolidating three consecutive months with variations below 2%.
The news also resonated in the private sector. Businessman Víctor Fera, owner of Marolio, Molto and the Maxiconsumo chain, surprised with an announcement on his X account: "Starting tomorrow, in all Maxiconsumo branches, prices will have an average deflation of 4%, and this will be maintained throughout August and September. Yes! While July's inflation was 1.9%, at Maxiconsumo we're working for a widespread decrease in prices."
Fera's decision, as a leading figure in the food industry and the wholesale sector, confirms that the economic course is not only organizing the macroeconomic variables, but is also beginning to directly impact store shelves. With his own agricultural production in Mendoza—where he grows tomatoes and raises livestock—the businessman joined the wave of confidence sparked by the stabilization program.
The combination of contained inflation, the absence of pass-through, and even the appearance of falling prices in retail trade consolidates the narrative of a new era. Javier Milei's government is not only showing that it's possible to defeat inflation in Argentina, but is also beginning to inspire the private sector in a virtuous circle of stability and confidence.
