Argentina: Inflation continues to increase in April
May 16, 2019
National consumer prices rose 3.4% over the previous month in April, coming in below March’s 4.7% month-on-month jump and ending a three-month streak of intensifying price pressures, according to the National Statistical Institute (INDEC).
April’s deceleration was prompted by lower increases in prices for food and non-alcoholic beverages, alcoholic beverages and tobacco, and education. The strongest price rises were recorded for clothing and footwear, and housing maintenance and furbishing.
Meanwhile, inflation rose from March’s 54.7% to a new multi-year high of 55.8% in April, while annual average inflation increased from 40.4% in March to 42.9% in the fourth month of the year.