Argentina's monthly inflation rate decreased to 4% in July from 5.2% in June, with a 12-month rate of 263.4%.

Argentina's monthly inflation rate slowed to 4% in July, down from 5.2% in June, according to official data. The 12-month inflation rate stood at 263.4%, the highest globally, surpassing the poll forecast of 263%. This marks the lowest level of monthly inflation in President Javier Milei's tenure, and although it is a decrease, Argentina's high annual inflation rate remains a concern.

August 14, 2024
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