BCRA president admits inflation still too high

The Central Bank of Argentina
Javier Pierini

Inflation declined slightly in Argentina in May, but the president of the central bank acknowledged it remains too high.

On June 13, the official statistical agency confirmed last month’s inflation dipped to 3.1% month-on-month, down from 3.4% in April. However, the evolution of prices in the South American economy remains the main concern for the central bank – annual inflation is still close to 60%.

“These figures are still very high. They are still far from acceptable levels,” said Guido

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