Consumer prices in Argentina rose by 4.2% from the previous month in May 2024, showing a deceleration from the 8.8% increase in the prior month, falling below market forecasts of a 4.9% rise and marking the softest increase since January 2022. The slower pace of price growth was observed across various sectors, including housing and utilities (2.5% vs. 35.6% in April), transportation (4% vs. 6.3%), restaurants and hotels (5.5% vs. 7.3%), food and non-alcoholic beverages (4.8% vs. 6%), health (0.7% vs. 9.1%), communication (8.2% vs. 14.2%), education (7.6% vs. 8.6%), and clothing and footwear (3.5% vs. 9.6%). On an annual basis, consumer prices surged by 276.4% in May, marking the first disinflation after eleven consecutive months of price increases and easing from 292.2% in the previous month. source: Instituto Nacional de Estadística y Censos (INDEC)
The Consumer Price Index in Argentina increased 4.20 percent in May of 2024 over the previous month. Inflation Rate MoM in Argentina averaged 3.99 percent from 2014 until 2024, reaching an all time high of 25.50 percent in December of 2023 and a record low of 0.20 percent in August of 2016. This page provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2024.
The Consumer Price Index in Argentina increased 4.20 percent in May of 2024 over the previous month. Inflation Rate MoM in Argentina is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 4.00 percent in 2025, according to our econometric models.