Monthly inflation in Argentina slowed in April for the fourth straight month, dropping into single-digit territory for the first time in Javier Milei’s presidency. Consumer prices in April rose 8.8% in April from March, in line with economists’ expectations. From a year ago, inflation accelerated a notch to 289.4%, according to government data. Milei’s shock-therapy economic plan continues to tame inflation at the cost of a deepening recession that could provoke higher unemployment.
May 14, 2024
SOURCE: BNN BLOOMBERG
MORE COVERAGE:
https://www.bnnbloomberg.ca/argentina-monthly-inflation-cooled-for-fourth-straight-month-1.2072936