Indec Says Argentina's Inflation in May Stood at 1.5%

Indec says Argentina's inflation in May stood at 1.5%

Argentina's Consumer Price Index (CPI) recorded a 1.5% increase last month, the National Institute of Statistics and Census (Indec) announced Thursday. It was the lowest monthly inflation rate since May 2020 and closer to 1.4% from November 2017.

Monthly inflation drops to 1.5% – lowest level in five years

Consumer prices rose just 1.5% in May, according to government data – the lowest monthly rate since May 2020; Inflation at 13.3% so far this year, 43.5% over the last 12 months.