If real cost of living in USD is going up, how are they fixing inflation?

Where are you getting that they’re releasing the peg? No market instrument has priced that in and every time it gets raised the Minister of Economy moves the bar for when that will happen. They need a capital injection from the IMF that they will never get because Caputo asked for $45 billion loan for the IMF for the same purpose two presidencies ago and it changed nothing.

Dropped to 2.2% after a 120% inflation in the past years?

Compared to before Milei, costs are completely high and people who could live with their (now considered low) income are barely surviving.

You can say he's fixing it, but at the same time pretty much driving almost the whole population into poverty. And then the next president will have to deal with it and probably undo whatever Milei did. It's unsustainable.

I’m sorry but opinion polls I this country are worth the paper they’re written on. Menem’s political program wrecked the Argentinian economy the same way this program is doing and the man got reelected with some of the highest increases in poverty during that period.

The important thing is that outsiders are falsely believing that the problem with this country is high inflation instead of low economic productivity. The country has dealt with high inflation for a century and during that time has the highest standard of living of Latin America and a solid middle class.

What Milei is doing is literally regressing in the public infrastructure needed to develop industry while keeping structural costs artificially high. Mark my words: very little will have been accomplished inflation wise but industrial activity will drop permanently as factories that cannot handle high costs leave.