Argentina's Monthly Inflation Rate Slows to 2.1% in May
Argentina's monthly inflation rate decreased to 2.1% in May, marking the second consecutive slowdown. This figure, reported by INDEC, indicates a half-point reduction in consumer price hikes compared to April. Cumulatively, inflation for the first five months of the year stands at 14.7%.
Argentina's monthly inflation rate saw a further slowdown in May, reaching 2.1%. This figure, released by the National Institute of Statistics and Census (INDEC), represents the second consecutive month of deceleration in consumer price increases.
The recorded 2.1% monthly inflation is half a percentage point lower than the rate reported in April. This suggests a continued easing of price pressures within the Argentine economy.
For the first five months of the current year, the cumulative inflation rate stands at 14.7%.
(Source: Buenos Aires Times)
