Argentina's Milei Admits Inflation Setback as Prices Hit One-Year High

Argentine President Javier Milei acknowledged a bad inflation reading after prices reached their highest level in a year. Milei said the data was "bad" and "repugnant," and asked for patience, predicting prices will fall in the coming months. The inflation fight in Argentina has stalled, according to reports. The latest figures were released amid the government's ongoing efforts to control rising prices.