Argentina inflation rises to 2.1% in July, ending three-month slowdown
Argentina's monthly inflation rate rose to 2.1% in July, up from 1.9% in June, ending a three-month streak of slowing price growth. The rebound presents a fresh test for the government's claims of durable price stabilization.
Argentina's national statistics agency reported that the consumer price index rose 2.1% in July, above June's 1.9% increase and breaking a downward trend that had held since April.
Government officials argued the monthly fluctuation was expected and that the broader disinflation trend remains intact. Economists, however, noted that rising food and transport costs continue to strain household budgets across the country.
The data lands at a sensitive moment for the Milei administration, whose core economic pledge has centered on taming inflation. Market analysts said the coming months' figures will be decisive in showing whether the uptick is a blip or the start of renewed acceleration.
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