Argentine Inflation Rate Falls Most in 2016 on Gas Price Tariffs
- August CPI of 0.2% is down from 2% in June and 3.1% in July
- High court ruling on rolling back gas tariff increases cited
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Argentina’s monthly inflation decelerated at the fastest pace this year after the government was ordered by the Supreme Court to temporarily roll back gas tariff increases.
Consumer prices in the greater Buenos Aires area rose 0.2 percent in August, down from increases of 2 percent in July and 3.1 percent in June, the national statistics agency said in a report. After taking office in December, President Mauricio Macri suspended publication of inflation data pending an overhaul of the country’s economic statistics which the International Monetary Fund has said were inaccurate under the previous government.