President Javier Milei predicted that by August 2026, "inflation will go to zero" in Argentina, after highlighting that it was "running at 17,000% and is now at 24%" annually. "For mid-next year or August, inflation will become zero point something, I'm sure it will start with zero," Milei said while participating in the Carajo streaming event, reported the Argentine News Agency. "What is truly happening with inflation in Argentina is reflected in the Wholesale Price Index. The program is working very well." "Therefore, savings are growing with the interest rate. Money has nothing to do with it, it has to do with how resources are allocated," explained Milei. He added: "It was a doomsday scenario, of no tomorrow. If there is no tomorrow, there is no point in investing in tomorrow because it doesn't exist. The demand for those goods is zero. If that world doesn't exist, the price tends to zero, and the interest rate of that gives the country risk. That is the kuka risk, the more uncertainty they introduced, the higher the country's risk rose." Milei also pointed out that the victory of La Libertad Avanza (LLA) in the October elections will later be reflected in the CPI, it takes a little longer. At the same time, the head of state highlighted the victory of La Libertad Avanza (LLA) in the October elections and pointed against Kirchnerism for encouraging "the kuka risk" before that process. "We got 41% against 24%, it's like winning in the first round," Milei emphasized, considering that they would have reached 50% if his face had been on the ballot. "We call it kuka risk because you are not only adding a premium to the US interest rate. Savings go up when the interest rate goes up because you know that future consumption will be higher."
