Argentina: Inflation falls to over one-year low in April amid lockdown
Consumer prices rose 1.5% from the previous month in April, moderating from March’s 3.3% increase. April’s result marked the softest rise in prices since November 2017. In terms of sub-components of the index, the lower print came on the back of a broad-based deceleration in price growth as well as price drops for some sub-categories. The fastest price decreases were recorded for education and communication.
Inflation fell to 45.6% in April, down from March’s 48.4%. April’s result marked the lowest inflation rate since September 2018. Accordingly, the trend pointed down, with annual average inflation coming in at 52.4% in April (March: 53.3%).