President Javier Milei received a boost Wednesday when the INDEC national statistics bureau reported that consumer prices in Argentina rose 1.9 percent last month, slightly lower than anticipated. Inflation in the eighth month of the year stayed below the crucial two-percent threshold, said the bureau. Inflation over the last 12 months is 33.6 percent – a stark fall from the triple-digit figures seen when Milei took office in December 2023. Regulated prices rose 2.7 percent in August, with core inflation of two percent. In 2023, the year Milei took office, annual inflation was 211 percent.