US EditionArgentina inflation falls in May for fifth straight month
- Argentina's monthly inflation rate dropped below five percent in May, the lowest since January 2022, marking a fifth consecutive monthly decline.
- Despite this improvement, Argentina still faces annual inflation near 300%, impacting citizens' purchasing power, particularly in food, utilities, and transportation costs.
- The monthly inflation rate has steadily decreased since December and is now below 5%, a significant drop from previous levels, signaling positive progress in the country.
20 Articles
20 Articles
The Reuters news agency reported that Argentina's consumer price index fell to 4.2 percent for the fifth month in a row in May on a month-on-month basis.
Argentina registers lowest monthly inflation in two years, triggering financial euphoria
On Thursday the markets uncorked the champagne bottles they had been reserving for the approval of Javier Milei’s economic deregulation law. The Chamber of Deputies still needs to give its final approval, but that vote is expected to be much simpler than the agonizing victory obtained in the Senate this morning. The most visible proof is the stock market party unleashed in the last few hours: Argentine stocks surged, a sovereign risk index plumm…
Argentine monthly inflation lowest in 2.5 years
BUENOS AIRES: Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday. For the first five months of 2024, the rate came in at 71.9 percent, and year-on-year at 276.4 percent — down from 289.4 percent registered in April but still at record high levels. The rate fell for the fifth successive month in May.
La inflación en Argentina sigue retrocediendo. El IPC de mayo se ubicó por debajo del 5% tal como esperaba el gobierno de Javier Milei, y registró su menor alza mensual desde enero de 2022, cuando avanzó 3,9%.En concreto, según datos entregados por el Instituto Nacional de Estadísticas y Censos (Indec) el IPC de mayo subió un 4,2% y acumula un avance de 71,9%, y de 276,4% en doce meses. El mercado también apostaba por una cifra inferior al 5% en…
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