Argentina May Inflation 0.4%

Argentina consumer prices rose 0.4% in May, on a monthly basis, with the cost of food slowing to just +0.1%. Prices of apparel, meanwhile, were up 1.7%, while transport and communication prices rose 0.6%. The figures released by national statistics agency INDEC show cumulative inflation of 3.4% for the first five months of the year and 8.8% for the 12 months through May.