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Argentina's Inflation in July Stands at 1.9%
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36 Articles
Argentina's inflation in July stands at 1.9%
Argentina's Consumer Price Index (CPI) rose 1.9% in July, bringing the year-on-year inflation to 36.6% and the year-to-date figure to 17.3%, according to a report from the National Institute of Statistics (Indec) released Wednesday in Buenos Aires. This marks the third consecutive month with a monthly inflation rate below 2%, a trend not seen since late 2017.
President Javier Milei and the ministers stressed that the figure remained below 2%. The head of state, in addition, broke down items in which the prices of basic elements were even lower than the average
The price index in the City of Buenos Aires, which always comes out earlier, was 1.8% last month.Consultants estimate that the national data will again be below 2% for the third consecutive month.
On Wednesday, the National Institute of Statistics and Censuses (Indec) announced that the inflation of July was 1.9 per cent, showing a new decrease in the year-on-year data, but accumulating two months of intermonthly increases. Twenty-five hours earlier, the same agency had confirmed that in June wages had earned inflation, increasing by 3 per cent in the sixth month of the year. In this context, the XV Forum of Compensation and Benefits, org…
The economist and former Minister of Finance and Finance of the Chaco, Cristian Ocampo, predicted that the next measurements of the Indec could be located again above the 2 monthly points as a result of the economic policies of the government of Javier Milei that he described as recessive and that affect the activity through the loss of the purchasing power of wages and the increase of costs for the companies. According to the INDEC, the inflati…
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