May inflation in Argentina clocked in at 2.1%, according to a report released Thursday by statistics agency INDEC.

The figure is a slight dip compared to April’s 2.6%, marking the first time in twelve months that the inflation rate has slowed for two consecutive months. 

It is also the lowest figure in the last nine months, surpassed only by the 1.9% recorded in August 2025.

Core inflation, meanwhile, stood at 1.9%, a significant slowdown from the previous month’s 2.3% and the lowest figure since July of last year. Prices rose 33.2% year-over-year, while cumulative inflation so far in 2026 stands at 14.7%.

A breakdown of the increases

Prices for seasonal products saw the largest increase, rising by 3.5%, due to higher vegetable prices.........

© Buenos Aires Herald