Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Argentina's 12-Month Inflation Slowed in May as Social Distancing Damped Demand

share with twitter share with LinkedIn share with facebook
06/11/2020 | 03:40pm EDT

By Jeffrey T. Lewis

 

Argentina's 12-month inflation slowed in May as many consumers stayed home while shops and other businesses mostly remained closed because of social distancing measures intended to control the spread of the coronavirus.

The country's consumer prices rose 1.5% in May and increased 43.4% from a year earlier, Argentina's Indec statistics agency said Thursday. Indec reported last month that prices rose 1.5% in April and increased 45.6% from a year earlier.

Argentina's government first began imposing social distancing measures toward the end of March, and in May began to ease them for some economic activities. Prices moved higher for those allowed to re-open, including clothing stores.

The price of clothing and shoes jumped 7.5% in the month as shoppers updated their wardrobes for the upcoming winter season, according to Indec. Household goods rose 2.8%, the second-biggest increase in the month.

The price of food and non-alcoholic drinks rose 0.7% in the month, while the cost of alcohol and tobacco increased 0.1%. The cost of education declined 0.4% in May, the only category to show deflation.

The price of restaurants and hotels was excluded from the calculation because those businesses remained closed during May, Indec said.

 

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

 

share with twitter share with LinkedIn share with facebook
Latest news "Economy & Forex"
05:41aAZARBAYJAN RESPUBLIKASININ MARKAZI BANKI : On FX auction
PU
05:40aGOOGLE IN TALKS TO INVEST $4 BILLION IN RELIANCE'S DIGITAL ARM : Bloomberg
RE
05:36aAGR : Scores “Excellent” in Achilles FPAL Compliance Audit
PU
05:33aTech selloff spreads to Europe as virus fears mount
RE
05:33aBotswana expects smaller economic contraction in 2020 than previous forecast
RE
05:32aGerman Economic Expectations Fell in July -ZEW Survey
DJ
05:29aGlobal shares retreat as coronavirus surges, Sino-U.S. tensions rise
RE
05:27aEncouraged by regulators, China banks request easing of capital adequacy rule - sources
RE
05:27aGerman investor sentiment worsens slightly in July
RE
05:27aCourt-appointed supervisor of Singapore's oil trader ZenRock flags questionable deals
RE
Latest news "Economy & Forex"