Economics
Argentina’s Annual Inflation Reaches 61% as Investors Worry
- Consumer prices in May increased 5.1% m/m; 60.7% y/y
- Concerns growing about government’s inflation-linked debt
Shoppers at a mall in Buenos Aires.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s monthly inflation slowed slightly more than expected in May, with price gains reaching almost 61% in annual terms as investors worry about the government’s ability to pay its local debt.
Consumer prices rose 5.1% last month from April, just below a 5.2% median estimate of economists surveyed by Bloomberg. From a year ago, inflation climbed to 60.7%, a new 30-year high, according to government data published Tuesday.