Loading…
Argentina's consumer price index rose 4.6% in June, up from 4.2% in May, ending a five-month trend of cooling inflation. The IMF forecasts a 2.8% economic contraction this year.
The article also flags further peso weakness.
Persistent inflation and recession weaken the peso and can shift Argentine export pricing and farmer selling for soymeal and corn. The global feed price effect is minor.
apnews.comIsabel DeBreJul 12, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
