Bloomberg: “Argentina Monthly Inflation Slowed More Than Expected in March”

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  • Consumer prices in March rose 11% m/m versus est. 12.1.%
  • Argentina central bank cut benchmark rate Thursday to 70%

Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight print as President Javier Milei’s austerity hurts consumer spending.

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Consumer prices rose 11% from February to March, less than economists expectations for 12.1%, according to government data published Friday. From a year ago, inflation accelerated to 287.9%, the highest level since Argentina exited hyperinflation in the early 1990s.

www.bloomberg.com/news/articles/2024-04-12/argentina-monthly-inflation-slowed-more-than-expected-in-march?leadSource=reddit_wall

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