Argentina Inflation Update

Argentina's May headline inflation came in at 2.1% month-on-month, missing consensus expectations of 2.4%. While monthly core inflation dipped below 2%, the year-on-year headline rate climbed to 33.2%.

Key Takeaways

• 1.Consumer prices in Argentina rose by 2.1% month-on-month in May, falling below the Bloomberg consensus of 2.4%.
• 2.Annual headline inflation increased to 33.2% in May, up from 32.4% in April.
• 3.Core inflation eased below 2% month-on-month for the first time in eight months, printing at 1.9%.

Table of Contents

• KEY NUMBERS (May)
• DETAILS
• Disclosure Appendix