As the article addresses, inflation is down because demand has cratered, as people are simply significantly poorer than they were before. Demand for food is down, as people don’t have the money for food anymore, so prices must come down. Instead, people have to stand in breadlines to be fed.

This isn’t a good thing. It’s the worst way of addressing inflation, as it leads to sharp increases in severe poverty without addressing any of the actual causes of inflation. The Argentinian economy is becoming less productive and the added imports means more money is flowing out of the country instead of towards it.

Before, inflation was making Argentinians poor. Now it’s Milei making them poor. In the end, poverty is just getting worse.