Overview

• June consumer prices rose 1.9%, marking the first increase after May’s near five-year low of 1.5%.
• Private consultoras placed June inflation in a 1.8%–2% range, with most pegging it at 1.9%.
• Weekly food inflation has held below 1% since mid-June, including a 0.3% rise in early July.
• Certain goods—notably sugar, oils and beverages—registered sharper price jumps, illustrating segmented volatility.
• Economists forecast July inflation will claw back to roughly 1.7% as currency depreciation eases and price relativities adjust.