Argentina: Inflation falls to 20-month low in May amid lockdown
Consumer prices rose 1.5% from the previous month in May, matching April’s increase. May’s result marked the joint-softest rise in prices since November 2017. In terms of sub-components of the index, the rise came mainly on the back of soaring prices for clothing and footwear as well as price increases for housing and recreation and culture. Meanwhile, prices for education slipped.
Inflation fell to 43.4% in May, from April’s 45.6%. May’s result marked the lowest inflation rate since September 2018. Accordingly, the trend pointed down, with annual average inflation coming in at 51.3% in May (April: 52.4%).