US EditionArgentina Inflation Ticks up Less than Expected in June
29 Articles
29 Articles
Chicago Tribune
Associated Press BUENOS AIRES (AP) — Argentina reported a slight acceleration in inflation in June, with a monthly reading of 1.6% after hitting its lowest rate in five years in May. The government of ultra-liberal President Javier Milei hailed the figure as good news for its anti-inflationary plan after analysts predicted a rate close to 2% for June. In April, prices had risen 2.8% before falling to 1.5% in May. In the first half of the year, t…
President Javier Milei celebrated this Monday the inflation data of June that, according to the National Institute of Statistics and Censuses (Indec), was 1.6% and accumulated 15.1% in six months. After congratulating the Minister of Economy, Luis Caputo, the president said that “it is celebrated by the Argentines of good and cries all Mandriland”. Through his X account, the President also added a photo with the economic team. In the image you c…
Argentina’s Inflation Ticked Up Slightly, Less Than Expected
Argentina inflation ticked up slightly and less than expected in June, another win for President Javier Milei ahead of midterm elections after a large seasonal component pulled May’s reading down to a five-year low.
The June data confirmed a price index below 2% for the second consecutive month, which the Argentine government celebrates as a central achievement of its economic policy. "If there are no shocks, this pace can be sustained until the elections," said an expert consulted by Sputnik.
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