June’s monthly inflation fell by 1.8 percentage points to 6%, below market expectations. Increases to regulated prices will come into play, although food prices — which have the greatest impact on the index — are still growing by less than in previous months. “In these past two weeks of July, food price inflation continued downward (an average 5% in the last four weeks) but with a high proportion of products on the rise,” explained sources from the consultancy LCG. Expectations of a new administration and future changes in relative prices will continue to keep inflation rates high. “Market expectations set the lowest base at 7%, although new impulses could happen if there is a broader exchange rate correction after the primary elections (PASO).”Originally published in Ambito.com

Source: Bueno Aires Herald July 15, 2023 09:04 UTC