Argentina’s poverty rate has dropped sharply to its lowest level in several years, which supporters of cost-cutting President Javier Milei are touting as a win for his economic agenda. 

According to the national statistics agency cited by Semafor, about 32% of Argentinians lived in poverty during the first half of 2025, which represents a sharp decline from roughly 53% when Milei assumed office in late 2023.  

Semafor also noted that double-digit monthly inflation growth has come down to 2% in August as well. 

Milei has appeared in the U.S. at the Conservative Political Action Conference and touted the benefits of reducing the deficit in Argentina.