Argentina's Inflation Rate Continues to Decline

May 2024 Rate Drops to 27640 Percent

Monthly Rate Falls to 88 Percent

BUENOS AIRES, Argentina (Reuters) - Argentina's inflation rate has decreased to 27640 percent in May from 29220 percent in April of 2024. This marks a significant decline from the monthly inflation rate of 11 percent reported in April. The Argentine government statistics agency reported that prices rose at a rate of 88 percent last month.

In February, Argentina's economy reached an inflation rate of 100 percent, the highest level seen in 32 years. However, the recent slowdown in inflation is seen as a positive sign for the country's economic recovery.