Argentines say they are yet to feel the advantages of cooling expansion, as a five-month dash of easing back costs finished when official information on Friday showed expansion in June was higher than in May.

Since President Javier Milei took power before the end of last year, expansion has eased back decisively in Argentina, decelerating from 25.5% in December to 4.2% in May. June’s figure was 4.6%.

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The sharp fall has been credited to a set-up of cost-cutting and gravity estimates that have placed a cover on customer expectation, as well as measures to diminish cash printing.

For some Argentines, the lull has not been sufficient to battle off the agony of high utility, transport and food costs in a nation where the month to month the lowest pay permitted by law of 234,315 pesos ($260) has neglected to stay aware of yearly expansion of almost 300%.

“I don’t think (expansion) remains closely connected with pay increments and duties,” said Gustavo Garcia, a 47-year-old beautician who was out chasing after deals at the focal market in Buenos Aires.

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Milei, an unrestricted economy financial expert, finished the past Peronist government’s cost freeze on various public administrations and says that extreme monetary medication is important to restore the economy. The base transport admission in Buenos Aires has taken off by more than 400% since Milei got down to business.