Argentina Inflation Slowed in April Amid Peso Policy Change

Argentina’s inflation slowed down more than expected in April despite a change in the currency policy traders were betting would fan volatility.

Consumer prices rose 2.8% from March, less than the 3.2% median estimate of analysts surveyed by Bloomberg. That’s down from March’s 3.7% reading. Annual inflation slowed for a 12th month to 47.3%, according to government data published Wednesday. Price increases were led by food and non-alcoholic beverages.