Argentina Inflation Slows to 2.6% in April, First Monthly Drop in 11 Months
Updated
Updated · Bloomberg · May 14
Argentina Inflation Slows to 2.6% in April, First Monthly Drop in 11 Months
1 articles · Updated · Bloomberg · May 14
Argentina’s consumer prices rose 2.6% in April from March, the first slowdown in 11 months and a boost for President Javier Milei after March’s oil-shock-driven jump.
Annual inflation eased only slightly to 32.4% from 32.6%, while the monthly reading came in just above the 2.5% median estimate in a Bloomberg survey.
Transport prices led April increases at 4.4% on higher fuel costs, with education also posting notable gains.
The data suggest March’s Iran war-related oil shock lifted prices temporarily, though inflation remains above 30% and still vulnerable to energy costs.
How did Argentina’s oil exports help stabilize global energy prices during the ongoing Iran war?
Is Argentina's inflation victory a statistical illusion masking a deep economic and social crisis?