Argentina’s inflation slowed down more than expected in April despite a change in the currency policy traders were betting would fan volatility. Consumer prices rose 2.8 percent from March, less than the 3.2 percent median estimate of analysts surveyed by Bloomberg. That’s down from March’s 3.7 percent reading. Annual inflation slowed for a 12th month to 47.3 percent, according to government data. Price increases were led by food and non-alcoholic beverages.
SOURCE: BUENOS AIRES TIMES