The inflation rate in Argentina has slowed down again. According to data from the National Statistics Agency (INDEC), prices rose by 1.9% in June compared to May. This is the smallest increase since October last year and the first time the rate fell below 2%.

The slowdown continues what started in April, offering the government a favorable result on one of the most sensitive areas of the national economy. The number also carries political weight. President Javier Milei welcomed this while his executive was struggling after a cabinet reshuffle, according to Argentine media.

Milei re-launched X messages celebrating this, bringing center communication governance back to normal. The June figure allows for immediate comprehension: for the first time in months, price increases began falling. Different temporal formulas used to describe results don't fully coincide.

Buenos Aires Times defines 1.9% as the lowest monthly rate in ten months and writes that inflation didn't fall under 2% since August last year. Milei shared messages where this rate was indicated as low as October's. Minister of Economy Luis 'Toto' Caputo instead referred back to August last year as comparison point.

Slowing down doesn't mean price hikes are over yet. In fact, prices have risen by nearly 17% so far this year. These numbers complete picture: speed of rises slowed down but families and businesses still face higher prices than at beginning or same period last year.

Caputo presented data as confirmation of line economic policy proposed by administration Milei. He wrote in an intervention that June rate reflects strength of disinflation process. This is reading politic proposal made by government mainly based on progressive reduction of variation month.

Source does not report more detailed comparisons with previous months nor indicate April start current slowdown phase. Some components of index rose less than average general. Prices of foodstuffs and beverages without alcohol increased 1.3% per month while clothing and shoes went up 0.4%.

Caputo highlighted both figures in his comment. Agency does not specify weight these categories carry overall nor provide trend other divisions spending. Caputo also confirmed rise in cost-of-living indicators.

Buenos Aires Times do not mention specific values for parameters nor clarify which expenses grew most. Result remains distinction important between slowing inflation rate and experience consumers have: lowest monthly rate measures slower pace increases already reached. Optimistic voices arrived even from new presidential spokesperson, Adrián Ravier.

According to what reported Argentine media, Ravier expressed confidence no inflation would be problem anymore. However, available information allows us record only executive's view. For Milei, passing under 2% threshold represents favorable result after months when price dynamics remained above this level.

Government strategy communicated around continuity disinflations, moderate rises alimentari, abbigliamento e calzature, comparison point last year August. Buenos Aires Times presents data as breath fresh air administration but doesn't give sufficient elements measure effects consensus or internal balance cabinet. Next INDEC publications will show if June rate starts lasting period below 2%.

Still unclear are trends other divisions spending and evolution cost-of-life indicators mentioned by Caputo.