Argentina: Inflation up again in May
June 14, 2019
National consumer prices rose 3.1% over the previous month in May, coming in below April’s 3.4% month-on-month increase, and marking the second consecutive month of deceleration, according to the National Statistical Institute (INDEC).
May’s slowing was prompted by lower increases in prices for clothing and footwear, housing maintenance and furnishing, and communication. Some stabilization of the peso was behind easing price pressures. On the other hand, the faster price rises were recorded for health, education, and alcoholic beverages and tobacco.
Meanwhile, inflation rose from April’s 55.8% to a new multi-year high of 57.3% in May, while annual average inflation increased from 42.9% in April to 45.5% in the fifth month of the year.