[Izikiel43]

Annualized is around 118%, down from a high of 211%. Last month to month inflation rate was 2.4%, down from 25% on last December. 2.4% annualized is around ~30%, which would give you the following series:

2023 => 211%

2024 => ~120%

2025 (if inflation keeps the same value) => 30%

However, if the government lowers the crawling peg they are instituting, and keep on not printing money, it's possible the inflation rate for 2025 is even lower.

[pitpatagain]

So: Currently not remotely close to "extremely low" as in the comment I replied to.

And it isn't following a nice series like you have, the peak was in April 2024. It's improving! It's not "extremely low", or resolved yet. As I said in another comment, I personally think the directionality of Milei's changes is great. But it is currently still very tough times.