The Facts

• Argentina's monthly consumer inflation fell to 2.7% in October 2024 — the lowest since November 2021 — from 3.5% in September. The annual rate fell below 200% for the first time since last November, according to data from the Instituto Nacional de Estadística y Censos (INDEC).

• The Economy Ministry said the INDEC statistics bureau's number published Tuesday are “consistent with a deepening the disinflation process.” The data reportedly showed that consumer prices in Argentina have risen 107% in the first 10 months of the year and 193% over the past 12 months.

• Pres. Javier Milei Tuesday said if inflation stayed constant in November and December, he would slow the monthly currency devaluation by the central bank from 2% to 1%. Analysts had last week reportedly pegged the monthly November inflation at 2.9%.