Argentina's inflation slows to 1.9% in June, lowest figure in a year
Argentina's monthly inflation rate slowed to 1.9% in June, marking the third consecutive month of declines. Accumulated inflation for the first half of the year reached 16.8%.
Argentina's official statistics agency reported that monthly inflation slowed to 1.9% in June, the lowest monthly figure recorded in the past year and the third consecutive month of decline.
Accumulated inflation for the first half of the year reached 16.8%. The government attributed the slowdown to fiscal discipline and tighter monetary policy.
Economists said that if the trend holds, Argentina's annual inflation rate could fall well below historical averages. Many analysts, however, cautioned that several more months of data are needed to confirm the decline is durable.
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