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Argentine Data Doubted Again as CPI Trails Private Estimates

Five months after Argentina unveiled a new index to address concerns from the International Monetary Fund it was underreporting inflation, private economists are once again questioning the accuracy of its consumer price data.

Consumer prices rose 1.3 percent in June from a month earlier, the smallest increase this year, the statistics agency said today in a statement. The government doesn’t publish an annual inflation rate because it lacks a comparative index for last year.