Inflation & Prices
Argentina Posts Slightly Higher Than Expected August Inflation
- Consumer prices rose 4.2% in August, 236.7% from year earlier
- Milei cut significant subsidies to transport in mid-August
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Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei’s efforts to tame price increases while his austerity drive slashes generous public subsidies.
Consumer prices rose 4.2% in August from July, above the 4% median forecast of economists surveyed by Bloomberg. Annual inflation slowed to 236.7%, according to government data published Wednesday.