Argentina’s monthly inflation was 8.8% in April 2024, a 2.2-point drop from March, according to the National Institute for Statistics and Census (INDEC, by its Spanish acronym). However, the report released on Tuesday showed that year-on-year inflation remained steady at 289.4%, having soared to 288% in March. Cumulative inflation for the first four months of the year reached 65%. Within the divisions of goods and services analyzed, the biggest monthly increase was 35.6% in the housing and utilities category due to gas, water, and electricity tariff increases. According to the report, housing and utility price hikes had the highest influence on the rate for Buenos Aires province and the regions of Cuyo and Patagonia.

Source: Bueno Aires Herald May 15, 2024 09:54 UTC