- 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.
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.