Argentina Inflation June 2021

Argentina

Argentina: Inflation climbs further in June

July 21, 2021

Consumer prices rose 3.2% over the previous month in June, following the 3.3% increase logged in May. In June, the sharpest increases in prices were recorded for communication, alcoholic beverages and tobacco and clothing and footwear.

Inflation increased to 50.2% in June from May’s 48.8%, logging the highest print since February 2020. Meanwhile, annual average inflation rose to 41.3% in June (May: 40.7%).

FocusEconomics panelists project inflation to end 2021 at 48.0%, which is up 1.3 percentage points from last month’s estimate, and 2022 at 36.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Inflation June 2021

Note: Annual and monthly var. of Buenos Aires consumer price index in %.
Source: Argentina National Statistical Institute (INDEC).


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