President Javier Milei said on April 5 that the slowdown in inflation could take longer than expected because of international factors, but maintained that the country’s economic direction continues to show a downward trend.
Milei explained that recent increases in oil prices and other global commodities might affect domestic costs and put pressure on prices in the coming months. He warned that these external variables could create some volatility during the process of reducing inflation, but stressed they do not change the government’s main objectives.
Together with Economy Minister Luis Caputo, Milei said the government remains focused on steadily lowering inflation through fiscal balance and monetary discipline. “The economic program continues to focus on reducing inflation in a sustained way, with an emphasis on fiscal balance and monetary discipline,” he said.
Despite these challenges, Milei expressed confidence that inflation rates will keep falling over the next few months, although he acknowledged that international conditions could affect how quickly this happens. The government aims to maintain expectations about stabilization as external factors play a larger role in Argentina’s price developments.
Looking ahead, officials say they will continue monitoring both domestic policies and international markets as they work toward further progress against inflation.
