Argentina’s inflation for May was 1.5 %, the lowest in five years, according to estimates by the National Institute of Statistics and Census (INDEC).

The agency also reported the accumulated CPI from January to June, which rose to 13.3 %, “while the year-on-year change stands at 43.5 %.”

The National Institute of Statistics and Census (INDEC) reflects a downward trend in prices in the South American country, thanks in part to “the reduction in food costs, which registered a 0.5 % decrease, driven by the sharp drop in vegetables (-8 %) and fruits (-2 %).”

In detail, the sectors that experienced the greatest price increases in May were Communications (4.1 %), due to increases in telephone and internet services. Next came restaurants and hotels, with a 3 % increase, driven by increases in eating out.

Meanwhile, transportation and food and non-alcoholic beverages saw the smallest variation, “with increases of 0.4 % and 0.5 %, respectively.”

The goods and services sectors, in the core CPI (2.2 %), led the price increases; followed by regulated prices (1.3 %) and seasonal prices (-2.7 %).

M.Pino

Source: iproup

(Reference image source: Gustavo Sánchez on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada May inflation in Argentina was 1.5 % apareció primero en Bitfinance.