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Argentina Government Sees Higher Inflation Rate for July, August

  • Consumer prices in July, August to be worst so far: official
  • Government expects 2nd IMF review to conclude in August

Argentina’s inflation rate for July and August will be at the highest levels since President Alberto Fernandez took office in late 2019, according to an Economy Ministry official, as prices spiked significantly further amid political turmoil. 

Monthly inflation results can be expected to top the previous 6.7% high of Fernandez’s administration reached in March, the official said, requesting not to be identified discussing unpublished government projections. Economists at JPMorgan Chase & Co expect a 7.3% monthly rise in the July inflation data released Aug. 11.