Economist Carlos Melconian raised doubts regarding President Javier Milei's ambitious promise for inflation to begin with a zero in mid-2026. Melconian pointed out that the annual inflation rate is currently hovering around 300%, and predictions of it dropping significantly to a single-digit figure are fraught with difficulty. He believes that while moving from 300% to 30% might be considered an achievement, transitioning from 30% to a one-digit inflation rate would pose considerable challenges. This professional insight reflects the complex economic landscape that Argentina is grappling with.

Moreover, Melconian highlighted that the continuous purchasing of dollars by Argentinians remains a concern, particularly even as the exchange rate appears to be stabilized this summer. He cautioned against underestimating the impact of inflationary pressures, which might not yield to rapid corrections. Melconian emphasized the importance of recognizing that while some level of economic stabilization is possible, the journey towards a more manageable inflation rate is likely to be a drawn-out process requiring patience and consistent policy efforts rather than abrupt changes.

This situation underscores the broader context of Argentina's economic turmoil and the challenges faced by the new administration under President Milei. With the potential for public discontent if promises are perceived as unfulfilled, the government must tread carefully, balancing optimism and realistic economic measures. The remarks from Melconian may indicate the influential role of economic advisors in shaping public perception regarding fiscal policies and credibility of governmental promises in times of economic uncertainty.