Argentina's July inflation climbs to 2.1% month-on-month
Consumer prices rose 2.1% in July, up from June's 2.0%, as food and energy costs continued to pressure households.
Argentina's monthly inflation accelerated in July, rising to 2.1% from 2.0% in June, according to data released by the national statistics agency.
The increase was driven primarily by higher food and beverage prices, which climbed 2.5% month-on-month, alongside a 2.3% rise in energy costs. Clothing and footwear also contributed, with prices up 3.1% over the period.
On an annual basis, inflation eased slightly to 263.4% in July from 271.5% in June, reflecting a slower pace of price increases compared with the same period last year. The government has attributed recent price stability to tighter monetary policy and controlled utility tariffs, though analysts caution that structural pressures remain.
The central bank has maintained a high benchmark interest rate of 40% to curb inflation, which has remained among the highest globally. Economists warn that persistent inflation risks undermining household purchasing power and economic recovery efforts.
The July data follows a period of volatility in Argentina's financial markets, with the peso weakening against the dollar in recent weeks amid uncertainty over fiscal policy and external financing conditions.
Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.
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