BUENOS AIRES, Argentina (AP) — Argentina’s monthly inflation rate halved to 4.
BUENOS AIRES, Argentina — Argentina’s monthly inflation rate halved to 4.2% last month for the first time since January 2022, data released on Thursday showed, a closely watched indicator that boosts President Javier Milei’s severe austerity program aimed at resolving the country's worst economic crisis in decades.
The legislation aimed at overhauling Argentina’s long-troubled economy during its worst financial crisis in 20 years will return to Congress' lower house for final approval, where it's expected to become law. “Milei has avoided falling off the cliff,” said Lucas Romero, director of the consulting firm Synopsis.
Another article allows for privatization of several companies, including Buenos Aires water and waste management company AySA, national road safety agency Corredores Viales, power provider Energía Argentina and airport service provider Intercargo. The Senate's rejection of a few other measures — including the lowering of an income tax threshold and pension cuts for civil servants with fewer than 30 years on the job — complicates Milei's fiscal consolidation.
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