The skyline in Argentina

Argentina Inflation June 2024

Argentina: Inflation drops to lowest level since January in June

Inflation eased to 271.5% in June, following May’s 276.4%, amid lower price pressures for food and transport. June’s figure marked the lowest inflation rate since January, and was below market expectations.

The trend pointed up, with annual average inflation coming in at 225.5% in June (May: 213.4%).

Lastly, consumer prices increased 4.58% over the previous month in June, accelerating from May’s 4.18% rise but well below market forecasts of 5.2%. Sustained fiscal tightening, weak domestic demand and controlled currency depreciation in the official market have all helped rein in price pressures so far this year.

On the data and outlook, Itaú Unibanco analysts said:

“The stabilization program continues to deliver better-than-expected results on the nominal adjustment of the economy. In this context, consistent downside surprises to inflation, a stronger ARS, and weaker activity led us to lower our inflation forecast to 130% for YE24 (from 140%).”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen