Annual inflation in Argentina has fallen from its peak of approximately 289 % in April 2024 to 33.8 % in July 2026 under President Javier Milei. Between June 2016 and June 2026, a peso term deposit retained only 44 % of its initial purchasing power, and the equivalent of $10,000 held in pesos was worth only about $114 in dollar terms. By comparison, dollar cash preserved 74 % of purchasing power, and dollars invested in short-term US Treasury yields preserved 94 %. Economist Martín Tetaz estimates that it will take at least seven to eight years after inflation is eliminated for confidence in the peso to consolidate sufficiently and for dollar demand to decline significantly.
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