# Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei | AP News

> 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.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/29586-argentina-s-inflation-edges-up-in-june-breaking-a-months-long-streak-in-a-blow
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bearish ▼

## Sources

- apnews.com: https://apnews.com/article/argentina-inflation-economy-dollar-peso-black-market-libertarian-milei-d288baeae4410265bdef5e244b2c8e56

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.