Argentina: Indec says April's inflation stood at 2.8%
- Argentina’s official statistics agency reported a 2.8% increase in the Consumer Price Index for Buenos Aires in April 2025.
- This was the first CPI report after removing exchange rate stocks and followed a 3.7% increase in March 2025.
- Restaurants and hotels saw the largest rise at 4.1%, followed by Recreation and Culture at 4%, while Transport rose by only 1.7%.
- President Javier Milei commended Economy Minister Luis Toto Caputo as the greatest in history, highlighting the ongoing reduction in inflation supported by a fiscal surplus, regulated monetary policy, and a flexible exchange rate.
- The 2.8% CPI surprised many who expected 5%–7%, fueling hopes for further inflation stabilization in May 2025.
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Pedro Pena, economist: "2.8% inflation marks a trend that must continue downward."
On CNN Radio Argentina, economist Pedro Pena analyzed the March Consumer Price Index, sales in dollars, and the elimination of tariffs on technology products. On CNN Primera Mañana, he stated that "the odd number was the one for March. That 3.7% caught our attention, and the first weeks of April already showed this trend, with most people getting close to 3, and food and beverages getting less than 3. This 2.8% marks a trend that has to go down.…
Argentina: Indec says April's inflation stood at 2.8%
Argentina's Consumer Price Index (CPI) reached 2.8% in April 2025, the National Institute of Statistics and Census (Indec) reported Wednesday in Buenos Aires, much to President Javier Milei's content and the bafflement of the population coping with an unmatching reality.
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