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International Business Times
International Business Times
Business
AFP News

Argentine Monthly Inflation Lowest In 2.5 Years

Inflation Javier Milei INDEC Argentina
A man walks past food price signs on a street in Buenos Aires on June 13, 2024 (Credit: AFP)

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-year at 276.4 percent -- down from 289.4 percent registered in April but still at record high levels.

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