On Thursday, August 20, the Official Response Office released a message from President Javier Milei recalling his pledge to bring down inflation when he took office. The statement contrasts his administration with previous governments that, in his words, multiplied prices, and highlights a downward trend in the index.

In a country where prices once seemed to climb without end, President Javier Milei is doubling down on a familiar rallying cry: he says he has delivered on the promise that defined his rise to power. Through a message published on the social platform X by the Official Response Office on August 20, 2026, the president declared that where previous governments multiplied inflation, his administration brought it crashing down.

The Official Statement

At 1:53 PM local time, the official presidency account shared a post quoting Milei's own words: "When we came to power, the most urgent demand from the people was..." The full text underscores the contrast with past administrations: "where everyone who preceded him multiplied it, he brought it down," adding that the drop in inflation is one of the most visible achievements of the libertarian government.

The Journey of a Promise

From his campaign trail to the early days of his term, Javier Milei made price stabilization his top priority. For context, Argentina's National Institute of Statistics and Censuses (INDEC) reported that 2023 closed with an annual inflation rate of 211.4% – one of the highest in modern history. Since early 2024, however, the monthly index has slowed in consecutive terms, reaching levels that haven't been seen in recent years.

The statement doesn't include the latest figures, but it offers an optimistic tone: inflation is no longer the "most urgent demand" for Argentines, thanks to the fiscal and monetary adjustments pushed by the economic team.

Key Data
  • 📅 20/08/2026 – Official statement
  • 🕐 1:53 PM – Time of the message
  • 📉 Downward trend – in inflation according to official data
  • 🇦🇷 Context – For foreign readers: this matters because inflation affects everyday purchases
Background: For those who might not be familiar with Argentina's economy, the inflation rate determines how fast prices for food, rent, and goods rise. A lower rate means your money keeps more of its purchasing power, making it a crucial issue for families and for the upcoming electoral year. Milei's team presents the slowdown as proof that the government is meeting its core objective.