Argentina | June inflation was 4.6% m/m and accumulated 80% in the first half of the year

Summary

National inflation in June was 4.6% MoM (271.5% YoY) and accelerated with respect to the previous month (4.2% MoM) for the first time in the Milei administration but due to the disparate behaviour of regulated prices in both months. Even so, the value was lower than expected.

Key points

• Key points:
• Core inflation was 3.7% m/m, similar to the previous month.
• We modified our estimate for 2024 from 140% YoY to 135% YoY.

Geographies

Topics

Tags