Javier Milei waves a chainsaw during a campaign rally in San Martin, Buenos Aires province, Argentina in September 2023. Photo: LUIS ROBAYO / AFPSource: AFP Argentina recorded a monthly inflation rate of 2.2 percent in January, the lowest in 4.5 years, the INDEC national statistics agency said Thursday, in a boost for budget-slashing President Javier Milei. Inflation, the perennial bugbear of South America’s second-biggest economy, was down from 2.7 percent in December, it said, and January was the fourth straight month in which prices rose by less than 3 percent. Year-on-year, January inflation came in at 84.5 percent, said the INDEC — the first time in two years it was under 100 percent, but still one of the highest in the world. By the end of 2024 inflation was at
