Inflation & Prices
Argentina Monthly Inflation Slows in June for Second Straight Month
- Consumer prices rose 6% in June; 115.6% vs same month year ago
- Central bank not expected to hike key rate through August vote
A customer looks at the prices of meat at a supermarket in Buenos Aires.
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Inflation in Argentina slowed more than expected for a second straight month in June, prolonging a brief respite even as living costs continue increasing at an elevated pace.
Consumer prices rose 6% in June, below analysts’ expectations of 6.95%. From a year ago, inflation accelerated to 115.6%, the highest annual rate since 1991 when Argentina’s economy was exiting a sharp bout of hyperinflation.