Argentina’s Inflation Slows to 2.6% in April, Easing From March

Overview

• Indec, which reported Thursday, said consumer prices rose 2.6% in April after 3.4% in March, putting the annual rate at 32.4%.
• The outcome matched the central bank’s market survey (REM) forecast of 2.6%, with transport up 4.4% and education up 4.2% leading the monthly increases.
• President Javier Milei hailed the data as a return to normality, while Economy Minister Luis Caputo said it was the lowest April reading in the series that starts in 2017 when excluding 2020.
• Many Argentines say they do not feel relief because wages have lagged, and economists note regulated tariffs and energy costs still drive sharp month-to-month swings.
• Several forecasters expect May inflation to cool further to roughly 2% to 2.5%, though the trend will hinge on austerity policies, weak growth, and how sectors respond to price and subsidy changes.