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Inflation in Argentina fell to 4% in July after rising a month earlier By Reuters

© Reuters. FILE PHOTO: A vegetable vendor counts bills in Argentine pesos at a local market as Argentina is set to release consumer inflation data for April in Buenos Aires, Argentina May 11, 2024. REUTERS/Irina Dambrauskas/File Photo

BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate was 4.0 percent in July, official data showed on Wednesday, in line with Reuters forecasts, and returned to slowing after accelerating in June.

Inflation in the 12 months to July was 263.4%, still the highest on record in the world, a tick above the survey’s forecast of 263%.

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