Argentinas May Inflation Rate Slows to 276.40%
Following a High of 292.20% in April
Argentinas inflation rate fell to 276.40% in May from 292.20% in April, according to the government statistics agency. This represents a monthly decrease of 88%, down from 11% in April.
Key Points
- The May inflation rate is the first time Argentinas inflation has fallen below 300% since April 2022.
- The slowdown in inflation is likely due to government efforts to control spending and stabilize the economy.
- Despite the slowdown, Argentinas inflation rate remains extremely high and is one of the highest in the world.
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