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Argentina’s June Inflation Rises to 1.6%, Interrupting Downward Trend

Rising household costs threaten policy gains achieved since April’s currency unification following an IMF reform agreement.

Javier Milei felicitó a Luis Caputo por las cifras de la inflación. Foto X
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Neighbors eat bread donated by a bakery in the Garrote neighborhood of Buenos Aires, Argentina, Tuesday, June 3, 2025. (AP Photo/Rodrigo Abd)  VILLA GARROTE - VILLA EL GARROTE - BARRIO EL GARROTE -  SAN FERNANDO -  POBREZA

Overview

  • The INDEC reported a 1.6% increase in consumer prices for June, up from 1.5% in May.
  • Inflation accumulated 15.1% in the first half of 2025 while the annual rate slowed to 39.4%.
  • Core inflation climbed 1.7% in June as regulated prices rose 2.2% and seasonal items fell 0.2%.
  • Regional inflation ranged from 2.0% in Greater Buenos Aires to 1.0% in Cuyo, underscoring uneven price growth across the country.
  • Private forecasts of 1.8–2.0% for June largely matched the official figure.