Argentina: Inflation comes in at highest level since our records began
Inflation came in at 114.2% in May, up from April’s 108.8%. May’s result marked the highest inflation rate since our current records began. Inflation has been soaring recently amid currency weakness, the monetary financing of the fiscal deficit and a historic drought
The trend pointed up, with annual average inflation coming in at 93.7% in May (April: 89.1%).
Finally, consumer prices increased 7.77% in May over the previous month, after April’s 8.40% increase.