Inflation in Argentina’s capital slowed to 7.1% in June from 7.5% in May, according to the city government statistics released on Friday. Food and non-alcoholic drinks influenced inflation the most, due to their weight on the general index, with a 5.8% monthly increase. Consulting firm Ecolatina calculated a 7.2% inflation rate for June in Greater Buenos Aires. For the rest of 2023, they forecast monthly inflation to average above 7%, with the inter-annual figure hitting at least 130% for the year as a whole. The National Institute of Statistics and Census (INDEC, by its Spanish initials) will publish the national inflation rate for June on July 13.

Source: Bueno Aires Herald July 07, 2023 20:24 UTC