Since taking office, Argentine President Javier Milei's government has overseen a marked reduction in poverty levels, with official measurements indicating a drop from 54.8% in the first quarter of 2024 to 31.7% in the same period of 2025. Indigence rates also declined from 20.2% to 7.3%. More than 10.9 million Argentines have reportedly moved out of poverty during this period. In Buenos Aires, poverty fell by over 15 percentage points, reaching 19.9%, the lowest level since early 2022. Concurrently, inflation has decreased significantly, with monthly inflation falling to 1.5%, the lowest in over five years, and economic growth has resumed. This improvement is attributed to Milei's policies, including the removal of price controls, reduction of government spending, and the lifting of currency restrictions, which have led to historically low relative prices for some goods, now cheaper than in the United States. However, some reports highlight ongoing challenges such as high inflation, austerity measures, and strained public services despite economic recovery.