Two Argentine consultancies calculated that June inflation stood between 1.8% and 1.9%, below the 2% monthly threshold.
The Centro de Análisis Económico Equilibra estimated a 1.9% variation in the Consumer Price Index for June, with core inflation at 1.5%. The figure matches the median of private consultancies and came in below the 2.1% projected by the Central Bank's Market Expectations Survey.
The consultancy Libertad y Progreso, through economist Iván Cachanovsky, projected 1.8% for the same month. Cachanovsky noted that this result “would obviously be very good news” for the Government by breaking below the 2% threshold.
Equilibra detailed that non-seasonal food and beverages rose 0.9%, while seasonal and regulated products advanced 2.8%. The last official INDEC figure corresponds to May, with a 2.1% increase.
