Economics
Argentine Inflation Hit 30-Year High Ahead of Guzman’s Exit
- Consumer prices increased 5.3% from the previous month
- Prices expected to accelerate in July after Guzman’s exit
A grocery store in Buenos Aires, Argentina, on July 6.
Photographer: Pablo E. Piovano/BloombergThis article is for subscribers only.
Argentine consumer prices rose at the fastest pace in more than three decades in June, with worse expected after the economy minister quit this month.
Prices rose 5.3% in June compared to May, slightly less than economists’ forecasts of 5.4%. From a year ago, the inflation rate accelerated to 64%, according to government data published Thursday.