Argentina: Inflation moderates in March
Consumer prices rose 3.3% over the previous month in March, coming in above February’s 2.0% rise which had marked the softest increase since January 2018, according to the National Statistical Institute (INDEC). In terms of sub-components of the index, the higher print came on the back of a broad-based acceleration in price growth. The fastest price increases were recorded for food and non-alcoholic beverages; education; communication; clothing and footwear.
Meanwhile, inflation declined, coming in at an over one-year low of 48.4% in March (February: 50.3%), while annual average inflation declined to 53.3% from 53.8% in February.