Argentina Inflation May 2022

Argentina

Argentina: Inflation comes in at highest level since our records began in May

June 15, 2022

Consumer prices rose 5.05% over the previous month in May, moderating from April's 6.05% increase. May's result marked the softest rise in prices since February. The highest price increases were recorded for healthcare, transport and clothing and footwear.

Inflation rose to 60.7% in May, above April’s 58.0%. May's result was the highest inflation rate since our current records began. Annual average inflation rose to 53.4% in May (April: 52.3%).

FocusEconomics panelists expect inflation to be 63.2% at the end of 2022, which is up 6.2 percentage points from last month’s forecast. Inflation is projected to moderate to 50.7% at the end of 2023.


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Argentina Inflation May 2022

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


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