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Argentina Inflation May 2023

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.

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