Argentina: Inflation decelerates in April from the prior month
Latest reading: Consumer prices increased 32.4% in annual terms in April, following a 32.6% increase in the previous month and in line with expectations.
Relative to the prior month’s figures, there were milder price pressures for food and non-alcoholic beverages (+30.9% in annual terms vs +32.7% in March) and restaurants and hotels (+39.0% vs +41.0% in March). In contrast, there were higher price pressures for transportation (+39.9% vs +36.2% in March) and housing and utilities (+47.8% vs +45.5% in March).
Finally, consumer prices increased 2.58% in April on a month-on-month basis, following a 3.38% increase in the previous month.