Market News
Argentina inflation seen slowing in April, reviving downward trend - REUTERS
Summary
- Analysts forecast April inflation between 2% and 3.5>#/li###
- Eco Go attributes May inflation slowdown to stable exchange rate and lower food prices
- Official April inflation data to be released Wednesday at 1900 GMT
May 12 (Reuters) - Argentina's monthly inflation rate is seen hitting 3.1% in April, a dip from the 3.7% rate recorded in March, according to the median forecast of a Reuters poll published on Monday.
Inflation in the South American country has slowed dramatically since libertarian President Javier Milei took office in December 2023, when the monthly rate hit 25.5%. Upticks in February and March, however, took economists and analysts by surprise.
