Argentina | June inflation was 4.6% m/m and accumulated 80% in the first half of the year
Published on Monday, July 15, 2024
Argentina | June inflation was 4.6% m/m and accumulated 80% in the first half of the year
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.