Staunchly libertarian Argentinian President Javier Milei’s economic plans are proving enormously successful, as the country’s inflation plunged to 2.7% in October, the lowest level in three years.

Milei was elected roughly one year ago, but the measures he has taken have revivified the once-crippled Argentinian economy, where inflation dropped in October to 2.7% after registering at 3.5% in October. Milei had promised to lower inflation to less than 3% before the end of 2024.