Published 23 days ago

Argentina 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.

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Reuters

'Eating is a luxury': Argentina inflation falls but shoppers still feel squeezed

Argentina's monthly inflation rate in May was likely the lowest since 2022 amid a tough austerity drive by libertarian President Javier Milei, but with annual inflation still near 300% many Argentines say they can't yet feel the benefit as food prices outstrip salaries.

23 days ago·United Kingdom

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Globo

Argentina's monthly inflation falls to the lowest level since 2022

In May, the index rose 4.2%, below economists' estimates. It is the lowest level since January 2022. In 12 months, inflation is still in three digits: 276.4%. Inflation slowed down in Argentina in May to its lowest level since the beginning of 2022, marking its fifth consecutive deceleration under President Javier Milei, while doubts persist in the market about the possibility of maintaining this trend. Consumer prices rose 4.2% in the past mont…

23 days ago·Brazil

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The Straits Times

'Eating is a luxury': Argentina inflation falls but shoppers still feel squeezed

BUENOS AIRES - Argentina's monthly inflation rate in May was likely the lowest since 2022 amid a tough austerity drive by libertarian President Javier Milei, but with annual inflation still near 300% many Argentines say they can't yet feel the benefit as food prices outstrip salaries. Read more at straitstimes.com.

23 days ago·Singapore

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Arab News

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.

23 days ago·Riyadh, Saudi Arabia

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El Pais

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…

22 days ago·Spain

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Eesti Rahvusringhääling

Argentina's inflation falls for fifth consecutive month

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.

22 days ago·Estonia

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