Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday.Economist Hernan Letcher of the CEPA economics think tank told AFP the inflation drop was explained, in large part, by a "significant fall in consumption."
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Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday. Economist Hernan Letcher of the CEPA economics think tank told AFP the inflation drop was explained, in large part, by a "significant fall in consumption."
Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday. For the first five months of 2024, the rate came in at 71.9 percent, and year-on-ye ..