Argentina Inflation June 2020

Argentina

Argentina: Inflation plunges to lowest level since September 2018 in June

July 17, 2020

Consumer prices increased 2.24% in June over the last month, after the 1.54% rise logged in May. The sharpest price increases were recorded for clothing and footwear, recreation and culture and home equipment and maintenance.

Inflation dropped to 42.8% in June, which was down from May’s 43.4%. June's result represented the lowest inflation rate since September 2018. Annual average inflation fell to 50.2% in June (May: 51.3%).

FocusEconomics panelists expect inflation to end 2020 at 41.7% and 2021 at 28.6%.


Author: Massimo Bassetti, Senior Economist

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Argentina Inflation June 20 20

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


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