* Argentina’s national statistics institute (Indec) has released the latest consumer price index (IPC) figures, which show that the monthly inflation rate stood at 3.3% in May, bringing annual inflation to 48.8%. These figures suggest a slowdown in national inflation rates, following on from monthly inflation of 4.8% in March and 4.1% in April. This trend is expected to continue, with market analysts surveyed by Argentina’s central bank (BCRA) predicting that the IPC will continue to fall to a low of 2.5% in September. Indec data shows that inflation in May was due to rising prices in the transport sector (up 6%), driven by an increase in fuel prices and taxi rates as well as higher vehicle purchases, and the health sector (4.8%). Sectors with the smallest increase include alcoholic beverages and tobacco (1.6%) and communications (1%).
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