Argentina Inflation May 2021


Argentina: Inflation climbs further in May

June 17, 2021

Consumer prices rose 3.3% over the previous month in May, following the 4.1% increase logged in April. In April, the sharpest increases in prices were recorded for transport, health and restaurants and hotels.

Inflation increased to 48.8% in May from April’s 46.3%, logging the highest print since February 2020. Meanwhile, annual average inflation rose to 40.7% in May (April: 40.3%).

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 Chart

Argentina Inflation May 2021

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

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