“Argentine President Javier Milei notched another economic victory Tuesday after data showed wholesale prices declined in May for the first time since the height of the pandemic, adding to his momentum before October midterm elections. The producer price index fell 0.3 percent from April and rose 22.4 percent on the year, according data from the INDEC national statistics bureau. It’s a sharp turnaround from December 2023, Milei’s first month in office, when wholesale monthly prices soared 54 percent. Discounting pandemic data that saw demand plummet, the May print is the lowest in the series, which begins in 2016, Caputo wrote. In May, monthly consumer price increases also cooled to their slowest pace in five years to 1.5 percent.”From Buenos Aires Times.