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Economic news

Argentina inflation slows to 4% in July after spiking month earlier

08/14/2024

Less than a minute

2024.08.14 15:17

© Reuters. FILE PHOTO: A greengrocer counts Argentine peso bills at a local market,as Argentina is due to release consumer inflation data for April, in Buenos Aires, Argentina May 11, 2024. REUTERS/Irina Dambrauskas/File Photo

BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate stood at 4.0% in July, official data published on Wednesday showed, in line with a Reuters forecast and returning to slowdown after speeding up in June.

Inflation in the 12 months through July stood at 263.4%, still the highest recorded in the world, a tick above the poll forecast of 263%.

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08/14/2024

Less than a minute